Saturday, February 19, 2011

Borders Bookstore Declares Chapter 11 Bankruptcy!


It's a sad day for the book world and book enthusiasts across the nation because Borders stores are closing all across the states. Sadly for me my local Borders store is closing its doors to me forever! Where am I going to be able to go and relax while rummaging through brand new unopened books spending money I know I shouldn't be spending? Yeah there's a Barnes & Noble, but it's not the same as Borders. It is always noisy and packed full of people, which is the last thing I want when I'm immersing myself in a new book. Ugh, I feel completely deflated right now.

Borders will begin their liquidation sales on February 19, 2011. There will be discounted prices at the Borders stores that are closing due to the bankruptcy.

The bookstore Borders declared chapter 11 bankruptcy on February 16, 2011, and the company's liquidation sales are scheduled to begin on Saturday, February 19, 2011. Although the Borders online bookshop is continuing to operate, 200 Borders store will be closed as part of the bankruptcy agreement. Borders will still honor gift certificates and give Borders Reward program points during the sale. The ebook side of Borders is not affected by the bankruptcy because that is through the online store, which will remain open.

What is On Sale During the Liquidation?

 

There will be great shopping deals on almost everything at the Borders stores that are having sales. The online store is not closing, so prices are normal at Borders.com. The stores that are closing will have 20% to 40% discounts on books, music, and movies. Audiobooks and books on cd will also be on sale. The stores will also be selling fixtures and furnishings as Borders liquidates $350 million of store inventory.


12 comments:

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  2. Thanks for the heads up! I had no idea they were closing stores so soon but thanks to you I was able to stock up on lots of books to while away my time.

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