© 2011
All Rights Reserved.

Unauthorized duplication or use of Text, Photos, Videos, Site Template, Graphics and or Site Design is Prohibited by Federal and International laws. See our Notice/Disclaimer and Privacy Policy.


Email Login
New users
sign up!

Detroit's Only FREE E-mail Provider

Find a Job
Job category:


<< News >>

Local News / Business

Friday, 22 July, 2011 2:11 PM

Going-Out-Of-Business Sale Begins Friday, July 22, at 399 Borders Locations in 47 States, District of Columbia and Puerto Rico

Inventory & Fixtures Liquidation Managed by Gordon Brothers Group, Hilco Merchant Resources, Great American Group, SB Capital Group and Tiger Capital Group


All of the Borders Bookstores will be closing including the flagship location in downtown Ann Arbor, Mich.



BOSTON — 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.

Mike Edwards, President of Borders Group, stated, "This marks the end of an era and we thank our customers for their patronage over our 40-year history. I encourage our customers to take advantage of this one-time opportunity to find exceptional discounts on their favorite books and other great merchandise. The commitment to our customers will remain a top priority throughout the going-out-of-business sale."

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."

Discounts up to 40% will be offered on all merchandise at every location. Consumers will benefit from very significant savings on the entire stock of books in every category, including new releases, best sellers, textbooks, rare and collectible books, and children's books. There are also substantial price reductions on tens of thousands of music CDs and video DVDs, calendars, posters, puzzles, and arts and crafts items. In addition, customers can also buy store fixtures such as lighting, shelving and racks, and, at select locations, café equipment. Borders gift cards will be honored throughout the sale. Initially, Borders Rewards PLUS members will continue to receive additional discounts on qualifying purchases. All existing Borders Bucks can be redeemed until they expire on July 31, 2011. All sales made on or after July 22, 2011 are final. Returns made on any merchandise purchased prior to July 22, 2011 will be handled in compliance with Borders existing return policy.

For a complete listing of closing store locations and the latest sale information, please visit

About Gordon Brothers Group, LLC

Founded in 1903, Gordon Brothers Group ( is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion in transactions and appraisals annually.

About Hilco Merchant Resources, LLC

Based in Northbrook, IL, Hilco Merchant Resources ( provides high-yield analytical, operational, asset monetization, capital investment and advisory services to help retailers define and execute their strategic initiatives. Activities fall into seven principal categories: acquisition of disposition of duplicative or underperforming stores; retail company or division wind downs, event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management; loss prevention; and, monetization of furniture, fixtures and equipment. Over the years, Hilco principals have disposed of assets valued in excess of $150 billion. Hilco Merchant Resources is part of the Hilco organization, a provider of asset valuation, acquisition, disposition and advisory services to an international marketplace through twenty specialized business units. Also headquartered in Northbrook, IL, Hilco maintains offices in major business centers throughout North America and Europe. For more information please visit: (

About Great American Group, LLC (GAMR-G)

Great American Group, LLC, is a leading provider of asset disposition solutions and valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms. Great American Group has offices in Atlanta, Boston, Chicago, Dallas, London, Los Angeles, New York and San Francisco. For more information, contact (818) 884-3737 or visit

About SB Capital Group, LLC

SB Capital Group, a Schottenstein affiliate, is a leader in the field of asset recovery, rescue finance, restructuring and strategic store closing events. As equity stakeholders in businesses comprising sectors as diversified as retail enterprises, consumer products, franchising, licensing and real property, SB Capital Group leverages resources and depth of experience to provide services with applicability across a wide spectrum of industries. Recognized worldwide as a trusted partner for businesses and professionals, SB Capital Group's participation in transactions that span the globe has solidified a reputation as one of the most creative and innovative financial service and asset realization firms in existence today. Discover more at

About Tiger Capital Group, LLC

Tiger Capital Group ( specializes in the planning, promotion, and management of store-closing events in connection with mergers, acquisitions, downsizing, corporate divestitures and Chapter 11 proceedings. Our focus is to help retailers, assets-based lenders, and other financial institutions understand the underlying value of inventory and to provide key monitoring advice. Professionals within Tiger Capital have many years' experience and extensive knowledge in the valuation of assets.

Source: Gordon Brothers Group, LLC

Related Story: Where Wall Street Meets Main Street: An Independent Publisher's Ordeal With Borders' Bankruptcy



All of the workers will lose their jobs including those at the Borders Headquarters in Ann Arbor, Mich.




  Your Ad Here


>> Bookmark This Site Now! << - free web hosting. Free hosting with no banners.



Copyright © 2011 All Rights Reserved.
Unauthorized duplication or use of Text, Photos, Videos, Site Template, Graphics and or Site Design is Prohibited by Federal and International laws. See our Notice/Disclaimer.