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Borders to Close Cumberland-Area Store

The location on Cobb Parkway is among more than 200 to close nationwide after a bankruptcy filing, but the Avenue East Cobb store is not.

The East Cobb area is losing one of its two Borders stores in the wake of the bookstore chain's bankruptcy filing Wednesday.

The Borders location at , in the Parkway Pointe Shopping Center south of Cumberland Mall, is one of five stores in the metro Atlanta area and more than 200 across the country that will close in the coming weeks. 

The closing of stores near Cumberland, Austell and Town Centre Mall will leave Borders with just one location in Cobb, at .

The Ann Arbor, MI-based book retailer filed Chapter 11 papers and announced it was shuttering nearly a third of 674 locations nationwide as it reorganizes. 

Borders has been fighting substantial financial odds for several months and recently stopped payments to various publishers. Industry analysts have pointed to Borders' troubles stemming from its inability to adapt to digital consumer trends, especially a decision in 2001 to transfer its online business to Amazon.com.

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