Looks like it’s time to close the book on Borders.
The bankrupt bookstore chain will likely begin the liquidation process after it couldn’t come to terms with a bidder that would have kept its 399 nationwide stores operating.
The second-largest book chain behind Barnes & Noble is asking the U.S. Bankruptcy Court in Manhattan to approve a proposal from Hilco Merchant Resources and Gordon Brothers to buy store assets. Liquidation sales could begin Friday.
Borders in Peoria is located in the Shoppes at Grand Prairie.