I don't like to see things that I feel had merit demise. The writing has been on the wall for Borders for a little while, between Barnes and Noble full court pressing them retail-wise, and Amazon pushing them on the internet*. Borders really couldn't hold a candle to the pricing or aggression its competitors were facing towards them. The farewell open-letter email pasted below is actually pretty sad.
I always liked Borders, it always seemed well organized and had a great magazine section, especially rarer magazines like "Land Rover World" etc. I actually knew them originally as Walden books where I grew up.
Goodbye Borders, sucks that these things happen.
*hey B&N, don't think Amazon isn't coming after you next...I think the Kindle/Nook wars are just starting to heat up.
Source -> http://www.buzzfeed.com/fjelstud/the-borders-farewell-email
Related post -> http://www.dannyfinnegan.com/2011/04/spotted-at-borders-via-twitpic.html