Borders liquidating - dating biologist
A liquidation company that is part of the process said late Thursday that the sales will be held starting Friday at all 259 Borders superstores, 114 Borders Express and Waldenbooks, and 26 Borders airport stores.
Liquidation sales typically last eight to 10 weeks and discounts usually get steeper later in the process, although merchandise is scarcer.
Books-A-Million, based in Birmingham, Ala., is offering to buy the leases and assets of 30 Borders stores and keep them open.
Here's a look at the locations that may stay open if the bid is approved. CALIFORNIA San Diego Sand City CONNECTICUT Waterford DELAWARE Dover OHIO Canton MAINE Bangor Portland MARYLAND Columbia Hagerstown Waldorf NEW HAMPSHIRE Concord West Lebanon NEW JERSEY Mays Landing NORTH CAROLINA Southern Pines OREGON Eugene Gresham Salem PENNSYLVANIA Butler Exton Hanover Monaca Pennsdale Selinsgrove Scranton York SOUTH CAROLINA Charleston SOUTH DAKOTA Rapid City TEXAS San Antonio VIRGINIA Woodbridge WISCONSIN Eau Claire Borders gift cards will be valid throughout the sale.
"This marks the end of an era," said Borders Group President Mike Edwards.
Still, some stores may remain open as Books-A-Million stores.
The chain is bidding for leases and assets of 30 Borders stores.
Under the proposed bid, Books-A-Million will assume the leases and continue to operate the stores.Books-A-Million operates 231 Books-A-Million, Bookland and Books & Co. NEW YORK - There will be no storybook ending for Borders.The 40-year-old book seller could start liquidating its 399 remaining stores as early as Friday.The Ann Arbor, Michigan-based chain, which helped pioneer the big-box bookseller concept, is seeking court approval to liquidate after it failed to receive any bids that would keep it in business. Bankruptcy Court of the Southern District of New York at a scheduled hearing to allow it to be sold to liquidators led by Hilco Merchant Resources and Gordon Brothers Group.The move adds Borders to the list of retailers that have failed to adapt to changing consumers' shopping habits and survive the economic downturn, including Circuit City Stores Inc., Blockbuster and Linens 'N Things. If the judge approves the move, liquidation sales could start as soon as Friday; the company could go out of business by the end of September.