It appears to be all over for the Borders bookselling chain. The company will be liquidated — meaning sold off in pieces — and almost 11,000 employees will lose their jobs. The chain's 400 remaining stores will close their doors by the end of September.
The original Borders bookstore was located in , where it was founded in 1971 by brothers Tom and Louis Borders during their undergraduate and graduate years at the . The Borders brothers' inventory system tailored each store's offerings to its community. A sister company, Book Inventory Systems (BIS) (1976–1994), was founded to serve as a wholesaler for and provide the brothers' custom inventory system to regional such as John Rollins, Thackeray's, , and . Former president Robert F. DiRomualdo was hired in 1989 to expand the company.
MOUNT KISCO, N.Y. -- For the first time in nearly five years, members of the public were able to set foot inside the old Borders Books and Music site in downtown Mount Kisco, as Modell's Sporting Goods held its grand opening.
The first Borders bookshop, with a meager stock of used books, was located in two rooms above 209 State Street, north of the State Theater. From there the brothers soon moved, briefly, to a tiny ground floor + mezzanine operation in the Maynard House apartment building, on the southwest corner of William and Maynard Streets.