Borders set to close 28 more stores
New York City -- Borders Group will close another 28 superstore locations in addition to the 200 locations it is already shutting down as part of its reorganization under bankruptcy protection.
The closings are expected to occur by the end of April and include stores in Hollywood, Calif., and Stamford, Conn.
"We reached the determination about these stores after a further review of their ongoing economic viability," Borders spokeswoman Mary Davis said in a statement.
Borders filed for bankruptcy protection last month.
Borders is receiving shipments from most of its largest vendors on cash-on-delivery terms, and hopes to resume getting books shipments under regular terms soon, Reuters reported.
Borders hopes to emerge from bankruptcy protection by September. The chain was given more time on Tuesday to negotiate store leases and decide which ones it will reject.