Gordon Brothers Group Closing 26 Additional Borders Books Stores
BOSTON, MA – Under authority of the U.S. Bankruptcy Court, store closing sales will begin March 24, 2011. Nearly $50 million of inventory including books, magazines, music and movie media, calendars, posters and more will be sold. Discounts from 20% to 40% with limited exceptions are offered on all merchandise at these newly announced locations.
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 an important opportunity for consumers to benefit from very compelling discounts on a vast assortment of literature, entertainment media and much more. Based on the tremendous response to the store closing sales already underway at 200 other Borders locations, we believe that today’s value conscious consumers will take advantage of the exciting savings at these new locations. We anticipate that this will be a short sale.”
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