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Borders Bookstores Going Out of Business

ANN ARBOR, Michigan – July 21, 2011 – Under authority of the U.S. Bankruptcy Court, giant bookseller Borders Group Inc. will begin liquidating its 399 Borders book stores nationwide. Over $700 Million of inventory including books, magazines, music, movies calendars, posters and more will be liquidated.

Discounts are offered on merchandise at every closing location. Consumers benefit from significant savings on the entire stock of books including new releases, best sellers, text books, rare and collectible books, as well as children’s books. In addition, substantial price reductions can be found on thousands of CDs, DVDs, calendars, posters, puzzles, and much more.

SB Capital Group is part of a joint venture chosen to manage the liquidation of inventory and store fixtures in the 399 closing stores.