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Borders To Close Both Waterford Stores

Unable to find a buyer, the bankrupt company announced plans Monday

, the bookstore chain with two locations in Waterford, has announced today it is going out of business and will close all of its stores.

, and searched for investors to buy the company, according to the Wall Street Journal. None were found, and the company will close all of its stores by the end of September, according to the Journal.

The good news is the store will have going-out-of-business sales starting as soon as Friday, according to the Journal. Overall, the company has 11,000 employees.

Borders has since released this statement.

Waterford’s Reaction

Patrons inside the Waterford Commons’ Borders were shocked to hear the news. There is no other place in the area to buy new books, Montville resident Charlotte Pietras said.

“It’s so surprising to me,” Pietras said. “This is the once place in the area like this.”

Dan Wilson, who said he bought 12 books this year alone from Borders, didn’t even know how to react. After hearing the news, he sat dumbfounded, at a loss of words.

“Wow,” Wilson said, a Norwich resident, after finally regaining his composure. “I’m speechless.”

The most shocking part is the store is always crowded, Pietras said.

“Every time I come in here it’s packed,” she said. “Even during school time I see students here with their books, getting a coffee and on their computer. This is really surprising.”

Patch asked a Borders employee for comment. The employee refused comment, said nothing was verified and asked Patch to leave the store to not “start a panic.”

Along with the Borders at Waterford Commons, there is a smaller . According to news reports, both will close by September.

Pem McNerney (Editor) July 19, 2011 at 12:05 AM
As someone who loves books, I hate to see any bookstore close. Sorry to hear about Borders. Still, let's support the ones that are still in business! Come on down to RJ Julia in Madison anytime, Paul, and I'll treat you to lunch at RJ Cafe.
John Sheehan July 19, 2011 at 01:21 AM
I will miss browsing and sometimes buying at Borders. My kids will miss the easy Christmas gift for Dad, the Borders gift card. I wonder if this will effect Kobo, the Borders e book application and e store.
Betty Davis July 19, 2011 at 01:39 AM
Sad. This is a great store and I could find just about anything I wanted to read in this store. I just hope libraries are not next to go under because if I couldn't go to the library I would be lost.
Carla Yousuf July 19, 2011 at 04:25 AM
Not just a bookstore but a place to meet friends for coffee and a chat. I love our Waterford Borders! I am so upset about this news. My children are going to be so sad also. It's the only store we all love to go to together.
Lori July 19, 2011 at 10:28 AM
With the launch of Kindle I knew this was going to happen to Borders. Best wishes to their employees.
Lori July 19, 2011 at 10:31 AM
I could see this coming around the time of the launch of The Kindle. My best wishes to Borders employees.
Michelle Tracy July 19, 2011 at 11:11 AM
Amazon has done to Borders what Netflix did to Blockbuster. And you know what's going on with Netflix now? A 60% hike in price. Sad.
Betty Davis July 19, 2011 at 11:30 AM
Michelle you are correct. We have become such a digital world, easy access to everything. I miss going to Blockbusters and searching for movies to bring home. I have Netflix also, and the hike is ridiculous. I may consider dropping it and just watch "Free Movies on Us" offered by our cable company. The choices are few, but my wallet won't feel the crunch in that aspect.
John Sheehan July 19, 2011 at 02:41 PM
Since searching for movie rentals was brought up, there is still a local store for selecting your movies, Video World on Flanders Road in East Lyme. Phone 860-739-0111. (Full Disclosure - My son is the owner of the store)
Kym Apicelli July 19, 2011 at 06:07 PM
If your look for a nother place to buy books... Try Bank Square Books in Mystic (http://www.banksquarebooks.com/) I am a big supporter of locally owned businesses and I have had a lot of luck finding great books there! I am a Waterford resident, and I think this quaint shop is worth the drive over the bridge!
Bob Price July 23, 2011 at 05:21 PM
My apologies, I inadvertantly hit the "Flag as inappropriate" button. My computer is slow and I was trying to select the button to follow the article but the browser wasn't done updating the scrolling. I wish they had a pop-up to ask if you really want to flag a comment. Next time we're in Madison we'll check out RJ Julia.

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