I was not a big fan of Borders in the UK, but was still sorry to see it close. All that is left now is Waterstone's, which I find a terrible shop, only selling the most heavily marketed new books around. If you want an Alistair MacLean or Len Deighton novel, forget it. As far as Waterstone's is concerned, they don't exist.
Mark is right. If you want anything cultish or just from the 90s or 80s, the mega-chain doesn't have it. The joy of wandering into a bookshop and discovering a novel is disappearing. Perhaps the best last hope of doing that is Foyle's in London. They still have a very good crime section.
The WSJ reports Borders will file chapter 11 bankrupcy ion Monday.
Someone will buy the chain and close many stores, but most will stay up under a new reorganization. They could even call it Borders again. Who knows?
When I was a kid in the late 50s and 60s, every town had a record shop. We would go down on the weekend and buy rock and roll records, maybe even meet some touring star like Johnny Cash.
I have a hunch book stores are going the same way as the record store.