Borders Liquidation Begins in Rancho Mirage
The signs read no refunds and no bathrooms. In exchange, customers at the Borders in Rancho Mirage get 10% off or more during the first phase of liquidation.
On Monday, Borders announced it would start to liqudate its close to 400 stores. Friday the last chapter was written.
Avid book readers are finding other options. If you want a new book, Barnes and Noble in the Westfield Shoppingtown in Palm Desert is still open. Or, you can buy used. The Book Rack in La Quinta has been around for over a decade. You can find used books in good condition. “The people that come in here depend on us to give them a good book to read we always have a good book, it’s fun for them,” said Holly Escobedo who owns Book Rack.
Across town at Keep on Bookin’ they have thousands of books at discount prices. It’s the price and selection that keeps her customers coming back. “The reason why people come, is it’s cheaper, it’s the bottom line,” said Lyn Eubanks who owns Keep on Bookin.
A liquidation company that is part of the process said late Thursday that the sales will be held starting Friday at all 259 Borders superstores, 114 Borders Express and Waldenbooks, and 26 Borders airport stores.
Gordon Brothers Group, part of a group of liquidators leading the sales, says more than $700 million of the company’s inventory, including books, stationery, music and movies will be sold.
Store fixtures, furnishings and equipment, including shelving and, in some cases, cafe equipment, will also be sold off
Some stores may remain open as Books-A-Million stores. That chain is bidding for leases and assets of 30 Borders stores.
