A bookseller going out of business, even a chain bookseller, is bad for the book business, according to a statement just released by the American Booksellers Association. Commenting officially on the Chapter 11 filing made by Borders today, the ABA said it is “saddened when any bookstore closes” and that the industry “does not benefit from the diminishment of places to browse, discover, and buy books.”

Addressing the growing concerns about the health and potential future for bricks and mortar bookstores, the ABA said that “while we don't underestimate the challenges that lie ahead, [the] ABA believes that the indie bookstore model is well positioned for the future.”

For the full statement, go here.