Getting your player ready...
NEW YORK — Borders Group Inc., the second-largest U.S. bookstore chain, said Thursday it would shutter more of its small-format Waldenbooks stores in January as it focuses on its more profitable superstores.
The company is closing 200 Waldenbooks and Borders Express stores and cutting 1,500 jobs in January to make the chain more profitable.
Borders, based in Ann Arbor, Mich., said the closings would leave about 130 stores in its Waldenbooks Specialty Retail unit, which includes Waldenbooks and Borders Express stores, still in business.
