One of the few decent stores at the eastern end of Oxford Street is to close. Borders will withdraw from their flagship store, as well as four other locations around the country (in Blanchardstown, Llantrisant, London Colney and Swindon). The struggling book chain last month brought in Clearwater Corporate Finance to advise on 'funding opportunities', which turns out to mean 'store closures'. It is unclear when the branches will close, or how many staff will lose their jobs, but Borders have confirmed that the leases have been sold to a 'fashion retailer'. All the more reason to visit London's many and varied independent book shops. Image by pit van meeffe in the Londonist Flickr pool.
