The Borders Group will close its remain stores and sell its assets to liquidators Hilco and Gordon Brothers, the company announced Monday. Liquidation will begin as early as this week and continue through September.
The new owners of the speciality retail chain the Sharper Image will be closing its remaining stores and liquidating their inventory, Reuters reported Monday. The company, however, will remain in business on the catalog, e-commerce, direct-to-retail and wholesale sides. The company’s assets were purchased out of bankruptcy last week by Hilco and Gordon Brothers, a pair of investment firms, for $49 million. Liquidation sales are presently underway at Sharper Image stores nationwide. What do you think about the closure? Talk about it in the Dealerscope forums.