Borders to close in Downtown Crossing

The troubled Borders Group Inc. bookstore chain is closing its Downtown Crossing location, leaving another big empty store front in the heart of the city.

Borders, which filed for Chapter 11 bankruptcy reorganization in February, is already shuttering eight other stores in Massachusetts, including its high profile Boylston Street store in Boston.

They are among more than 200 store closings nationwide as the retailer struggled with weak customer spending and a lack of liquidity. In recent years the chain overextended itself domestically and internationally, and failed to reinvent itself quickly or dramatically enough to cope with changes in the industry, such as the e-book, retail analysts have said.


Adding Downtown Crossing to the list of closures comes as Borders Group says it may have to close dozens of its best-performing stores due to a bankruptcy court requirement that it obtain extensions for its lease negotiations.

The closure is another blow to the Downtown Crossing shopping district, which has become an eyesore after construction stopped nearly three years ago on the redevelopment of the former Filene’s site.


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