Grosse Pointe Borders Announces Final Sale

The store in the Village announced its closing sale early Saturday morning in an e-mail.

Items in the store, one of hundreds the chain is closing, will be marked down 20-40 percent, with limited exceptions, the e-mail said.

The Ann Arbor based companyof its efforts to reorganize after filing for bankruptcy.

The Grosse Pointe store is one of four in Michigan that will close. The other locations are in Utica, Ann Arbor and Dearborn. The liquidation sale statement was only for the Grosse Pointe location.

The company operates 642 stores throughout the United States and employs 6,100 full-time employees and more than 11,000 part-time employees, according to the bankruptcy filing. 

Jeremy Fielding, a Borders spokesman, said Wednesday the goal is to have all of the stores on the list closed by the end of April. The stores it plans to close were those that were underperforming, he said.

Liquidation sales will likely continue until the inventory is gone, at which time the stores will close up shop, Rosalind Thompson, a Borders senior vice president, said Wednesday.

The store, which has been in the Village for about a decade, has been drawing less traffic than it did when it first opened, Village Association President Mike Kramer said earlier this week.