Starting Saturday, Borders will begin liquidation sales for 200 of its bookstores nationwide.
Borders says it is not going out of business, but the company says it's shuttering underperforming stores over the next several weeks. That includes at least 16 stores in Illinois, but the Borders in the Loop on State Street will remain open.
On Saturday the company will start liquidating more than $350 million in merchandise at discounts ranging from 20 to 40 percent.
The bookseller based in Ann Arbor, Michigan, filed for Chapter 11 bankruptcy protection earlier this week.
Borders.com will continue operating while the company carries out its reorganization process. The company says it plans to significantly improve its internet operation over the next several weeks.
List of Stores Closing in Illinois:
Bolingbrook, IL Bolingbrook Retail Center 161 N. Webber
Chicago, IL 2817 North Clark Street
Chicago, IL 2210 W. 95th Street
Chicago, IL Lincoln Village 6103 N. Lincoln Avenue
Chicago, IL Uptown Chicago 4718 N. Broadway Ave
Chicago, IL Lincoln Park Centre 755 W. North Avenue
Crystal Lake, IL Crystal Point Shopping Center 6000 Northwestern Highway
Deerfield, IL 49 S Waukegan Road
DeKalb, IL Northland Plaza 2520 Sycamore Road
Evanston, IL 1700 Maple Avenue
Matteson, IL Matteson Plaza 4824 West 211th Street
McHenry, IL Village of McHenry 2221 Richmond Road
Mt Prospect, IL Randhurst Mall 909 North Elmhurst Rd
Normal, IL 200 A North Greenbriar Drive
Norridge, IL Norridge Commons 7100 W. Forest Preserve Drive
St. Charles, IL Main Street Commons 3539 E Main