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Borders start closing down sales

By | Published on Tuesday 1 December 2009

The gap in the high street music market is likely to get bigger, because it looks increasingly certain that CD and book seller Borders is going to shut up shop.

As previously reported, a management buy out earlier this year failed to turn round the fortunes of the retail chain, and they went into administration last week. Although administrators insist that it is business as usual for the time being while they try to find a buyer, closing down sale signs went up at all of the firm’s stores this weekend, which certainly suggests there are no firm buyers at the negotiating table just at the moment.

Obviously, we’d all love for the Borders chain to survive, but in the meantime, if you’re looking for some stocking fillers, some books and CDs have been discounted up to 50%, so one last trip to your local Borders store might be a good move.