Five N.H. Borders stores victim of company's shutdown



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Following a long struggle to keep its head above water, Borders, the nation's second-largest bookstore chain, will liquidate and shutter its nearly 400 remaining bookstores, including all three full-size stores and two express stores in New Hampshire.After being unable to secure a buyer to keep it in operation, Borders canceled a pending bankruptcy auction and will close its remaining 399 stores.Five stores in the Granite State will close as a result of the liquidation: Borders stores in West Lebanon, Keene and Concord, and Borders Express locations in North Conway and Salem.The giant bookseller, which at one time operated more than 1,200 stores across the country, has been struggling for some time now. In February 2011, the bookselling monolith filed for bankruptcy and announced that it was closing about 200 stores. The only Borders store in New Hampshire to close at that time was the store in Nashua.Rising sales of e-readers, decreased discretionary spending because of the recession and increased competition from online sellers like Amazon were all forces that hurt the company's bottom line.The company said it expects all stores will be closed by September. About 10,700 jobs will be lost nationally. -- KATHLEEN CALLAHAN Edit ModuleShow Tags