Gordon Brothers Group Closing 399 Borders Locations Nationwide

July 26, 2011

BOSTON, MA – A going-out-of-business sale will begin Friday, July 22nd, at all 399 remaining Borders bookstore locations, which include 259 Borders superstores as well as 114 Borders Express and Waldenbooks and 26 Borders Airport stores. Over $700 million of inventory, including books, puzzles/games, activity sets, stationery, magazines, music and movie media, calendars, posters and more will be liquidated, as well as store fixtures, furnishings and equipment.

The liquidation is being managed by a joint venture composed of Gordon Brothers Group, LLC; Hilco Merchant Resources, LLC; Great American Group, LLC; SB Capital Group, LLC; and Tiger Capital Group, LLC. A spokesperson for the joint venture said, “This is the final opportunity for consumers to take advantage of truly compelling discounts on a tremendous 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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