Administrators begin ‘closing down’ sales at Borders UK
30.11.09 Benedicte Page
Borders UK launched a closing down sale this weekend, with all 45 branded Borders and Books Etc stores across the UK affected. The news will fuel concern among both publishers and rivals that the chain could be set to launch a fire-sale of stock.
It also came as a shock to staff who had not been told before the news emerged late on Friday (27th). According to one insider, stores were delivered the new POS on Saturday morning, which included huge ‘Store closing!’ banners, and discount POS up to 90%. Stores are currently selling stock with between 20% and 50% discounts.