Borders, one of the UK's biggest booksellers, which also owns Books Etc, will close it's doors for good tomorrow, Tuesday 22nd December 2009.
Administrators MCR confirmed all 45 Borders and Books Etc stores will close, having failed to find a buyer for the book, magazine, DVD and CD retailer. Borders also provided retail space for other retailers including Starbucks.
"The joint administrators have been pursuing a sale of the business," MCR said. 1,150 jobs will be lost just prior to Christmas. The fixtures, fittings and equipment in Borders stores are for sale.
"However, it has not been possible to agree a sale of any part of the business as a going concern."
The chain of shops, first opened in 1997, has been struggling in recent months due to increased pressure from Internet competition and supermarkets as well as deteriorating conditions in the retail market. In November, the stores stopped taking new book orders online.
Music, games and DVD chain Zavvi closed early this year, after administrators at Ernst & Young, appointed to run the company after it filed for bankruptcy protection on Christmas Eve, failed to keep the stores open.
In the US Borders has managed to be successful in the transformation to online retail.