Borders, the bankrupt bookseller which could not find a buyer, is still selling books. As a matter of fact, the firm sends out emails that offer not only books, but furniture from the company's stores.

Borders' offerings include books reduced by 60% to 80% from their normal retail prices. The emails the company sends call the sale its "Going Out Of Business" event. One of the most impressive deals is the chance to buy the firm's Kobo e-reader Touch Edition for $129, if anyone still wants to buy an e-reader from a defunct company.

The most extraordinary part of the sale is that people can go to Borders and Waldenbook locations and buy book cases, CD shelves, display racks, computer counters, tables, chairs, other furniture, electronics, and security hardware.

"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," USA Today reports.

Borders filed for bankruptcy in New York on February 16. It desperately tried to find a buyer. When it couldn't, the company agreed to sell itself to buyout firm Najafi. The deal collapsed as bondholders rejected a transaction that would have paid them $215 million, along with the assumption of $220 million in liabilities. Bondholders agreed the firm could be liquidated.

The cheap furniture and book inventory won't last long, so catch it while you can.

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12 Comments

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dabrownman

They better do something quick because Borders are not selling themselves well and Apple, Amazon and Microsoft are eating what crumbs they have left.

September 04 2011 at 4:14 PM Report abuse rate up rate down Reply
Cat T

"One of the most impressive deals is the chance to buy the firm's Kobo e-reader Touch Edition for $129, if anyone still wants to buy an e-reader from a defunct company."

Kobo is independent from Borders. They started on their own, and they will continue without Borders. Best Buy and Fry's will carry it in the US, and Chapters in Canada. Kobo is also still issuing regular firmware updates and support for their readers. And as far as I'm aware, they have no plans to close down anytime soon.

The Kobo company is not defunct - just Borders.

September 03 2011 at 6:32 PM Report abuse rate up rate down Reply
tdrei53589

Publishers print books two to three months ahead of when the arrive in stores, it makes sense for both Borders and the publishers to continue to sell the books that were already in the pipeline.

September 02 2011 at 2:43 AM Report abuse rate up rate down Reply
phpoling

Will miss Borders which is best than Barnes & Nobles. I went to Borders and saved myself tons of money there.

September 02 2011 at 1:17 AM Report abuse rate up rate down Reply
nanz1115

Sadly, Borders is going out of business and with that, my son and his friends all lose their jobs. Wonderful economy we live in. Thank god they can collect unemployment,

September 01 2011 at 10:30 PM Report abuse rate up rate down Reply
1 reply to nanz1115's comment
Ellen

My daughter as well. She lost her job in April when the Borders in Alaska closed.

September 01 2011 at 11:34 PM Report abuse rate up rate down Reply
hi marlene

I will miss Borders. It was much easier to use their online shopping to find a book. Barnes and Nobels is just plain unfriendly. And they were willing to help you find books. Whereas Barnes and Nobels will help you if there is no one to sell a E Reader to. I too feel bad for the people losing their jobs. I heard it was mismanagement at the very top that caused the problem.

September 01 2011 at 8:12 PM Report abuse +2 rate up rate down Reply
hi marlene

I will miss Borders. It was much easier to use their online shopping to find a book. Barnes and Nobels is just plain unfriendly. And they were willing to help you find books. Whereas Barnes and Nobels will help you if there is no one to sell a E Reader to. I too feel bad for the people losing their jobs. I heard it was mismanagement at the very top that caused the problem.

September 01 2011 at 8:12 PM Report abuse rate up rate down Reply
Shelby

I just got home from our neighborhood Borders and it certainly looks like they're going out of business and closing in 10 days. They'' even selling the book racks, etc. Everything is 80% off, but I am so broken-hearted, I can't really shop there now.

September 01 2011 at 7:28 PM Report abuse +3 rate up rate down Reply
Elizabeth

First why not try having a little sympathy for the 11 million employees who are losing our jobs. You make this article sound like Borders is just trying to scam the people now. No our discounts are high because the company is owned by Liquidators who are trying to sell out all the old stock of books from each store and the distribution centers that Borders owned. As for the Kobo e readers, those are property of Kobo. Borders has an agreement to sell them in our stores. The ebooks and everything else for them is done directly from Kobo's website.

September 01 2011 at 6:42 PM Report abuse -1 rate up rate down Reply
1 reply to Elizabeth's comment
sspunk

11 MILLION EMPLOYEES ??? Puhleaseeeeee ........

September 01 2011 at 9:26 PM Report abuse -1 rate up rate down Reply
Raven

am going to miss Borders my home away from home lol

September 01 2011 at 5:00 PM Report abuse +4 rate up rate down Reply