Borders Announces More Store Closings

Borders Group Inc. (Ann Arbor, Mich.) plans to close another 28 of its superstores on top of the 200 locations it is already shutting down as part of its reorganization under bankruptcy protection.

The additional locations are expected to close by the end of April and include stores in Hollywood, Calif., and Stamford, Conn.

The second-largest U.S. bookstore chain filed for bankruptcy protection last month. The company aims to emerge from bankruptcy protection by September.

Before the filing, Borders operated more than 500 namesake superstores, as well as the Waldenbooks chain of smaller bookstores.