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Business Briefing / Retail

Waldenbooks chain to shrink

November 06, 2009|Times Wire Reports

Borders Group Inc. says it will close 200 Waldenbooks stores and cut 1,500 jobs in January to make the chain smaller and more profitable.

Borders, based in Ann Arbor, Mich., said the closings would leave about 130 Waldenbooks stores still in business.

The company says the closures will not affect any Borders superstores or any of its mall kiosks, including 500 Day by Day Calendar Co. spots and other mall-based stores.

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