Starting tomorrow (February 19th), 200 Borders stores will host going out of business sales in 35 states–liquidating $350 million in inventory.
“With limited exceptions,” all items will be sold at 20 to 40 percent discounts. Hilco Merchant Resources, LLC, Gordon Brothers Group, SB Capital Group, LLC, and Tiger Capital Group will help the bookseller manage the liquidation process. Borders filed for bankruptcy earlier this week.
UPDATE: eBookNewser has more about allegations of bounced paychecks from a LiveJournal user group for Borders employees. To help book buyers, writer Edward Champion has compiled an inspiring list of Independent Alternatives to Closed Borders Bookstores.
Here’s more from the release: “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.”