Borders Bookstores Clearing Shelves Before Closing For Good

Tuesday, Jul 19, 2011  |  Updated 7:54 AM EDT
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It's an ending Borders tried to rewrite, but the company is now headed for liquidation. Nearly 400 stores will close, and more than 10,000 employees will lose jobs. That includes all of the workers at 25 stores in the Washington area.

It's an ending Borders tried to rewrite, but the company is now headed for liquidation. Nearly 400 stores will close, and more than 10,000 employees will lose jobs. That includes all of the workers at 25 stores in the Washington area.

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Twenty-five Borders bookstores in the D.C. region will be closing their doors for goods. 

Bookworms have been swarming to the stores to snap up the remaining stock.

Nationwide, after months of trying to stay in business, the book and music vendor is calling it quits.  The company filed for bankruptcy back in February.

It put is 399 stores up for sale but never received an offer.

Borders says it just can no longer keep up with competition from online retailers like Amazon and e-Readers.

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