A2: Business

The Chicago Tribune reports that Borders Group is closing its Michigan Avenue store next year because of slow sales: “Borders’ challenges have been intensified during the recession as consumers cut back on discretionary spending. But the closing of the Michigan Avenue store marks a high-profile departure for the Ann Arbor, Mich.-based company. It is more than twice the size of its average store and is one of its most prominent because of its location on the Magnificent Mile.” [Source]