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Mon August 22, 2011
Borders Books liquidation moving forward
What’s left on the shelves at your local Borders bookstore is expected to be gone in about another month. The liquidation sales have been going on for nearly a month at Borders 399 bookstores across the U.S., including the company’s 26 Michigan locations.
The Ann Arbor-based bookseller ended its fight to stay alive in July after repeated unsuccessful attempts to find a way out of bankruptcy-protection.
Richard Kaye is with Hilco, one of the companies handling Borders’ liquidation. He says overall Borders’ ‘Going out of Business’ sales are proceeding as expected.
"The Ann Arbor store is performing quite well. In fact it’s doing better than average…as compared to all the other stores in the chain.”
Kaye expects Borders’ remaining stores will wrap up their liquidation of an estimated 700 million dollars worth of books, cd’s and other merchandise by the end of September.