The giant bookstores that ate the smaller bookstores are not fit enough to survive, it turns out. And readers in Manhattan are going to feel it.
In announcing that it will close 30 percent of its stores, Borders Group, which filed for bankruptcy protection on Wednesday, said it would shutter three of its five locations in Manhattan. The biggest of all of the stores to be shut is the one on Park Avenue at 57th Street. The others are on Second Avenue at 32nd Street and on Broadway near Wall Street.
The only remaining Borders stores in the city will be in the Time Warner Center and near Pennsylvania Station in Manhattan, small shops in terminals at La Guardia Airport and Kennedy International Airport and a Borders Express store on Staten Island.