Defunct stores of yesterday, yesteryear
First opened: 1971 (franchise)
Began liquidating last stories on July 22, 2011
According to media reports, Borders demise is a result of the chain overextending itself at a time when consumer reading habits were changing. Instead of buying books at a brick-and-mortar store such as a Borders, many consumers now buy books online, and others download digital prose for their e-readers.