Inside these posts: store closings

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Nearly half of Chicago-area Borders to close

The Borders at North and Halsted in Chicago will close. (Brian Cassella/Chicago Tribune)

Borders Group Inc. plans to close almost half of its stores in the Chicago area as part of its proposed Chapter 11 bankruptcy protection, according to a Wednesday filing in U.S. Bankruptcy Court in New York.

According to the Borders Web site, the bookseller has about 30 stores in Chicago and its suburbs, including a few Indiana locations.

In Chicago, five of eight stores will close, including the one at North Avenue and Halsted Street, as well as those in Lincoln Park, Uptown, Lincoln Village and Beverly. The Hyde Park store is already in the process of closing and will shut its doors on March 7. This means the only Borders superstore left in the city will be in the Loop. A Borders-owned Waldenbooks in Citicorp Center will also remain open. Get the full story »

Blockbuster plans to shed 182 more stores

Bankrupt video rental chain Blockbuster Inc. plans to close 182 stores by the end of the first quarter as it tries to find a way back on its feet.

The largest U.S. video rental chain plans to close 72 stores by Jan. 1 and 110 more in the first quarter of 2011, according to documents filed Friday in Manhattan’s bankruptcy court. Get the full story »