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Chicago Sun Times

February 26, 2009
BY SANDRA GUY Staff Reporter

Borders will close its store at 830 N. Michigan Ave. in January 2010, saying it fails to meet profit goals.
About 100 employees will be affected.

Borders will close its Michigan Avenue store in Jan. 2010. (Tom Cruze/Sun-Times)
Steve Davis, senior vice president of Borders Group Operations, said the Ann Arbor, Mich.-based Borders maintains its commitment to Chicago, and will continue to operate its 19 other stores in the region.

"In today's economy, no retailer can afford to operate stores that do not produce the kinds of results required to sustain a location," Davis said.

The store has operated on the Magnificent Mile since 1995.

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