Details on Borders going-out-of-business sales - Orange County ...

Details on Borders going-out-of-business sales

July 21st, 2011, 10:47 pm ? 3 Comments ? posted by HANG NGUYEN, Retail Reporter

Borders at The District at Tustin Legacy/Elysse James

Borders Group said?Thursday that?going-out-of-business sales for?its remaining 399 stores, including five in Orange County, will begin Friday.

Discounts up to 40 percent?will be offered on all merchandise at every location.?Discounted items include?books, music CDs, video DVDs, calendars, posters, puzzles and arts and crafts items. Also, customers can also buy store fixtures such as lighting, shelving, racks and at select locations caf? 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. All sales made on or after July 22 are final. Returns made on any merchandise purchased prior to July 22 will be handled in compliance with Borders existing return policy.

In Orange County, Borders? five remaining stores are in Brea (27,450 square feet), Costa Mesa at South Coast Plaza (26,065 square feet), Rancho Santa Margarita (15,000 square feet), Mission Viejo on El Paseo (30,000 square feet) and The Shops at Mission Viejo (4,450 square feet). The liquidation sales are expected to be completed by the end of September.

Mike Edwards, Borders Group president, said Thursday: ?This marks the end of an era and we thank our customers for their patronage over our 40-year history.?

Borders, which currently employs about 10,700 employees, filed for Chapter 11 Feb. 16. A few days later, it began closing sales for 200 underperforming stores, including locations at The Block at Orange, The District at Tustin Legacy, Yorba Linda and La Habra. That was nearly one-third of the 642 stores it had on Jan. 29.

That round of closures cost 134 jobs in O.C. In 2010, the chain closed 45 stores. During 2009, the bookseller closed 219 stores, including Borders Express in Westminster Mall and The Village at Orange. Also around the same time, it closed the Borders Books and Music located across from Triangle Square in Costa Mesa.

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Source: http://retail.ocregister.com/2011/07/21/borders-to-close-5-remaining-o-c-stores/51931/

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