The nation's second-largest bookseller said it will begin liquidating stores as early as Friday. The only two bidders for the company were two liquidation firms, Hilco Merchant Resources and Gordon Brothers Group.Borders said it would ask the court Thursday to approve the bid by the companies to purchase Borders' assets and administer the liquidation process.The move came after a bid fell through from private-equity firm Najafi Cos. that could have kept the chain operating. Creditors and landlords said liquidation was a better deal.
Liquidation will continue through the summer and is likely to be complete by September.
Borders Rewards Perks has partnered with OO.com to ensure that you have access to your account, including your WOWPoints.Many of you have asked our customer service team what will happen to your account. To ensure the best experience for you, your account will be seamlessly transitioned (WOWPoints included).As of now, the ID and password you use for Borders Rewards Perks will also work on OO.com. Your WOWPoints will transition in the next 30 days.For now, you can continue shopping at Borders Rewards Perks. What will happen to my WOWPoints?Your WOWPoints will be honored. They will be moved to OO.com over the next 30 days. Once there, you can use them just as you do now.What will happen to my vouchers, reminders & other account settings?They will also transition seamlessly.Who runs OO.com?OO.com is run by the same company that runs Borders Rewards Perks—Next Jump, Inc. So this makes the transition easy.
Entire Store now 20-40% off• 20% off all kids' books, ereaders, cookbooks, fitness, travel & more• 30% off bestsellers, business & romance; just reduced calendars & music• 40% off all blu-ray, video games, newsstand & greeting cards
While the "Ode's" tone is sarcastic, one of its authors described it Wednesday as a kind of plea for help from those going down with the sinking ship."It was kind of a final passive-aggressive note that I started on a boring Sunday when there was nothing to do but pick up after people," said the former Mansfield Borders employee, who spoke on condition of anonymity. "It was a final straw with people being frustrating and rude. All these things we were never able to say to people."
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