Borders, which filed for bankruptcy court protection in February, has new lease agreements for 365 stores. But it said in a court filing Thursday that it is still negotiating lease extensions for 51, many of which are among its top-selling stores.
A Borders spokeswoman says the company, based in Ann Arbor, Mich., wants to keep most of its remaining stores open and is working both with its lenders to waive the store-closing requirement and with landlords to get extensions.
The company says it is in talks with several potential buyers for its stores or its business as a whole.
