Gordon Brothers Group Closing 200 Borders Books Stores in 35 States and Puerto Rico
BOSTON, MA – Under authority of the U.S. Bankruptcy Court, store closing sales began on February 19, 2011. Over $350 million of inventory including books, magazines, music and movie media, calendars, posters and more will be sold. Discounts from 20%-40% will be offered on the wide assortment of literature, entertainment media and more.
The disposition of inventory and store fixtures is being managed by a joint venture composed of Gordon Brothers Group, Hilco Merchant Resources, LLC, SB Capital Group, LLC, and Tiger Capital Group. A spokesperson for the joint venture said, “This is a tremendous opportunity for consumers to take advantage of truly compelling discounts on a huge selection of literature, entertainment media and much more. We anticipate that today’s value conscious consumer will respond very positively to these outstanding savings. We expect this will be a short sale.”
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