I thought it went bust about 18 months ago? The one closest to me in Leeds closed down yonks ago, all the staff made redundant.
Annoying actually, it was on a retail park and had millions of books, could always find what I needed at the last minute, now I have to battle my way into town to go to the tiny waterstones which doesn't have what I want usually.
Edit: The article is about Borders in the US.
From Wiki:
Borders, UK: In 2008 and 2009 the store numbers were reduced before the collapse of the chain. They also operated one single branch in the Republic of Ireland, but closed this early in 2009. On 26 November 2009 it was announced that Borders (UK) had gone into administration. All stores closed on 24 December 2009, leaving Newsstand as the largest online magazine retailer in the UK.