Hey there, time traveller!
This article was published 3/1/2010 (2733 days ago), so information in it may no longer be current.
Today the final chapter ends for McNally Robinson at Polo Park.
The Canadian bookseller will close its doors for good at 6:00 p.m. today, leaving more than 100 employees jobless.
The closure comes after the company filed for bankruptcy protection in late December. Records filed by Ernst & Young, the trustees in the proceedings, show at least $3.2 million owing to more than 300 unsecured creditors -- a hefty bill that does not include unpaid taxes and utilities.
The "recession, stagnant book prices, steep discounting, and increasing competition from Internet sales and electronic text formats" are factors that the company blames for the closure.
The Grant Park location, which has been in operation since 1996, will remain open.