LOS ANGELES, Calif.—According to a court filing in its Chapter 11 bankruptcy case, Borders Group plans to close about 200 of its stores nationwide, including three in the city of Los Angeles, and stores in other parts of the Southland, including Orange County, it was reported today.
The nation's second-largest book retailer said in a statement that the moves were being made "in light of the environment of curtailed customer spending, our ongoing discussions with publishers and other vendor related parties, and the company's lack of liquidity.''