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National chain Borders Books and Music is filing bankruptcy and this means bad news for Chi-town bookworms—but potentially good news for those who are into electronics. Borders has almost 30 stores in Chicago, the surrounding suburbs, and nearby Indiana. Of the more than 200 nationally that will be closing, 6 are in Chicago proper: 6103 N Lincoln, 4718 N Broadway, 755 W North, 2817 N Clark, 1539 E 53rd, 2210 W 95th. The only Borders Superstore location to remain open in this spree of closures is the store adjacent to Block 37, Macy's, and the now vacant Loehmann's at the well traveled intersection of State Street and Randolph.
Which brings us to the next question—many of these locations have prime visibility in major intersections. As it did with the Michigan Ave Borders, will Topshop inhabit more vacant Borders locations? Will we have 6 more Topshops in Chicago? Well, we're not sure, but it would be great. We do know for sure that the Indianapolis-based electronics seller, Hhgregg, will be expanding to the Chicago, Miami, and Pittsburg markets in 2011 and they are checking out the soon-to-be vacant Borders locations. — Jared Hatch
· Hhgregg [Official Site]
· Borders [Official Site]