Podcasts & RSS Feeds
Most Active Stories
Wed April 6, 2011
Borders spokeswoman insists decision to leave Ann Arbor has not been made
A report in the Wall Street Journal suggested Borders plans to move its headquarters from Ann Arbor. But company spokeswoman Mary Davis insists no final decision has been made.
"We are looking at a number of options all around the greater metropolitan Detroit area including Ann Arbor. News reports are making it sound like the decision is final and we are moving out of Ann Arbor. That is not the case."
The Wall Street Journal reported late last night that Borders will outline its future plans to a group of its creditors today. Part of those plans involves moving out of the company's Ann Arbor headquarters. The company has said the building no longer serves Borders needs. Borders issued a statement saying the company will look for a new facility in metro Detroit.
Borders filed for bankruptcy protection earlier this year. Since then, Borders moved to close more than 200 bookstores, including four in Michigan. Borders hopes to exit bankruptcy protection later this year, possibly in late summer or early fall.
Borders, once a leader in the nation's book selling industry, has struggled in recent years as book buyers have moved online.