Still, one also has to realize that leasing on the Magnificent Mile is expensive. And since Borders cannot arbitrarily raise prices like many of the clothing stores and what not on the retail street, it can no longer afford the rent.
Borders, however, still has 19 other stores in the Chicagoland market, with three smaller sized Superstores and a Borders Express within 5 miles of the Michigan Ave. store.
Never worked there, but I did like the store. It's huge, like 4 floors. Nice to visit, busy as hell all the time, but I guess just way too expensive to run.