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Old 02-17-2011, 05:21 PM   #1
shorttimer1
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Borders to have a fire sale - from CNNMoney

Borders Stores slated to close will have fire sales - from CNNMoney

http://money.cnn.com/2011/02/17/news...sale/index.htm
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Old 02-17-2011, 05:38 PM   #2
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Here's a list of the stores slated for closure: http://s.wsj.net/public/resources/do..._20110216.html
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Old 02-18-2011, 04:03 AM   #3
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Thanks for that info, Shorttimer and Stickybuns. I emailed my granddaughter who lives in LA about her store closing.
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Old 02-18-2011, 10:50 AM   #4
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For me, the three Borders I've always gone to are the ones slated to be closed in the St Louis area. Will have to keep hitting them up to see what the sales end up being.
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Old 02-18-2011, 12:54 PM   #5
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I could really use a big discount on a reference book or two. Please do post if you see a sale happening.
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Old 02-18-2011, 06:08 PM   #6
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no oregon stores closing
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Old 02-18-2011, 07:23 PM   #7
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Half price Kobos???
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Old 02-18-2011, 07:48 PM   #8
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Half price Kobos???
The Kobo going on clearance probably depends: Does Borders actually own Kobo, or is Borders just the primary brick-and-mortar retailer for Kobo?

I do think that we'll see another price drop on the Kobo, but I can't imagine it being as much as 50%.
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Old 02-18-2011, 10:36 PM   #9
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The Kobo going on clearance probably depends: Does Borders actually own Kobo, or is Borders just the primary brick-and-mortar retailer for Kobo?

I do think that we'll see another price drop on the Kobo, but I can't imagine it being as much as 50%.
Borders owns a minority share in Kobo.

Personally, I don't think these so-called fire sales will amount to much. Popular and expensive merchandise will just be moved to other nearby stores.
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Old 02-19-2011, 02:54 AM   #10
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Agreed. I remember listening to a story on NPR (it may have been "This American Life") back when Circuit City went under... apparently during liquidation "sales" prices go UP. Weird, huh?
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Old 02-19-2011, 09:53 AM   #11
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Yep. They increase the "real" prices so the discounts look like more.

Also, a lot of companies (especially those in Chapter 7) hire liquidation specialists -- that is, outside companies who go around selling off merchandise from ex-stores, like Circuit City. Those companies bring in all kinds of crap from other stores that didn't sell the last time, and sometimes even stuff specifically made for the purpose, kind of a slightly higher quality equivalent of the things you find in dollar stores, to sell to the hordes of eager buyers. Which of these they're allowed to do varies by state.

Border's may not do this, as they're keeping 2/3 of their stores open for the moment, but it's something to keep an eye out for. Like anything else, know the prices, know what you're looking for, and don't get suckered into buying something ... "oooh, this turnip twaddler is half price!" ... you neither need nor want, especially not for more than you could buy it for elsewhere, just because you got dazzled by the big "EVERYTHING MUST GO" sign over the front door.
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Old 02-19-2011, 10:20 AM   #12
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Agreed. I remember listening to a story on NPR (it may have been "This American Life") back when Circuit City went under... apparently during liquidation "sales" prices go UP. Weird, huh?
I actually saw that!

Opened & damaged goods were the only things on sale the two times I went to their supposed "sale".

I really prefer ebooks, but I loved paper books. Time marches on.
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Old 02-19-2011, 06:07 PM   #13
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Also, a lot of companies (especially those in Chapter 7) hire liquidation specialists -- that is, outside companies who go around selling off merchandise from ex-stores, like Circuit City.
I stayed away from Circuit City's liquidation sale after I found out the horrendous terms that applied. First off, an outside firm was conducting the sale and that sent up warning flags. All sales were final and no exceptions. You couldn't even inspect the merchandise by opening the box. So if you bought a new monitor, sealed in the box, then immediately opened it in front of a cashier and the display was cracked, you were out of luck. You just bought yourself an expensive paperweight.

Liquidation sales? No thank you!
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Old 02-19-2011, 07:11 PM   #14
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I stopped in at the "liquidation sale" at the downtown Indianapolis Borders this afternoon, the discount was only 20% off, but already the place was a zoo. Walked out without buying a thing.
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Old 02-19-2011, 11:59 PM   #15
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Stopped by my store in Long Beach, CA, and they had 20-40% off, but the employee told me that ebook readers were "not on sale yet". The only thing I considered was a book light for 30% off, but the one I liked they only had a single display unit.


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I stopped in at the "liquidation sale" at the downtown Indianapolis Borders this afternoon, the discount was only 20% off, but already the place was a zoo. Walked out without buying a thing.
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