Along with filing for bankruptcy protection on Wednesday, Borders announced it would be closing at least 200 stores, or roughly 30 percent of its retail outlets. For residents on Chicago’s North Side, that’s going to feel more like 100 percent.
Targeted for extinction: Borders stores in Uptown (4718 N. Broadway), Lakeview (2817 N. Clark), Lincoln Park (755 W. North Ave.) and Lincoln Village (6103 N. Lincoln). Evanston is also feeling the pain, as is Hyde Park.
Expect big going-out-of-business bargains in the weeks ahead, though if the closing of the Borders on Michigan Avenue late last year is any indication, decent pickings will be slim.
The State Street store was spared the axe, small consolation for a city that launched Oprah and her gazillion-member book club.
It’s tempting to hope that bereft book lovers will flock to indie outlets like Powell’s Bookstore, 2850N. Lincoln, or Gallery Bookstore, 923 W. Belmont. But a more likely scenario has Amazon laughing its Kindle off.