Borders Store Closing Bankruptcy Sales Begin Saturday (Complete Store Listing)

Under authority of the U.S. Bankruptcy Court, store closing sales will begin on Saturday, February 19th at 200 Borders book stores in 35 states and Puerto Rico. Over $350 million of inventory including books, magazines, music and movie media, calendars, posters and more will be liquidated.

Discounts from 20% to 40% with limited exceptions are offered on all merchandise at every closing location. Consumers will benefit from very significant savings on the entire stock of books in every category, including new releases, best sellers, text books, rare and collectible books and children’s books. There are also substantial price reductions on, thousands of music CDs and video DVDs, calendars, posters, puzzles and arts and crafts items.

Borders Rewards programs, including Borders Rewards Plus, remain in effect. Customers can continue to earn and redeem their Rewards in all stores and on Borders.com. Gift cards will also be honored as usual.

The liquidation of inventory and store fixtures is being managed by a joint venture composed of Hilco Merchant Resources, LLC, Gordon Brothers Group, SB Capital Group, LLC, and Tiger Capital Group. A spokesperson for the joint venture said, “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.”

About Hilco Merchant Resources, LLC

Based in Northbrook, IL, Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, operational, asset monetization and capital investment services to help retailers define and execute strategic initiatives. Hilco can acquire, co-invest in or facilitate the merger of retail operations; purchase or otherwise dispose of duplicative stores, underperforming divisions, unnecessary distribution centers, inventory, owned real estate, leases, and furniture, fixtures and equipment. Hilco also provides retail restructuring services, interim store management, loss prevention services, marketing and advertising management, merchandising management, and strategic store opening programs.

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) 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 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 www.sbcapitalgroup.com.

About Tiger Capital Group

Tiger Capital Group (www.tigergroupllc.com) 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 and disposition of assets. Tiger and its affiliated companies provide comprehensive advisory, valuation, auction, management, and disposition services for a broad range of retail, wholesale, and industrial companies.