Borders Group announced that they will close their big store on Chicago’s prominent commercial street in 2010. “It’s a difficult decision to close a store and we’ve done all that we can to keep this location open, but like a handful of other stores we have recently closed in cities ranging from Cincinnati to Santa Monica, this store has not met our profit objectives for some time now. In today’s economy, no retailer can afford to operate stores that do not produce the kind of results required to sustain a location, and therefore, we have no choice but to close […]
