Borders' Flagship Ann Arbor Store Closes Doors

ANN ARBOR, Mich. - The flagship Borders bookstore has sold its final remnants and closed its doors for the last time.

The 37,000-square-foot store in downtown Ann Arbor shut down about noon Monday. Traffic was light on the final day, which ended early after a single buyer showed up and bought everything left.

Tom and Louis Borders founded the book retailer in Arbor in 1971, and it grew to hundreds of stores nationwide. But the company ran into financial trouble after failing to adjust to the shift to digital books and online music shopping.

Borders Group Inc. filed for Chapter 11 bankruptcy protection in February and decided to liquidate in July.

Birmingham, Ala.-based Books-A-Million Inc. is taking over a handful of stores.

(function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = ''; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); })();

Copyright 2011 by The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.