Quote:
Originally Posted by cutterjohn42
Not quite correct, they start liquidation on Friday(maybe) which means they will be open until everything(mostly) is gone, likely with some time limit I imagine...
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Borders no longer operates their own stores when liquidation starts. In the vast majority of cases, a firm is hired to liquidate the stores and essentially buy one or more stores for a fixed up-front price and liquidate it for as much cash as they possibly can to turn a profit for themselves.
In some cases, the original employees are kept on and paid, and in other cases, the liquidation firm brings in their own. Usually store management is replaced first by folks from the firm to run the liquidation process.