Borders Books filed for Chapter 11 bankruptcy protection on February 16th, and plans to close approximately 200 of its stores.
How does this affect those who are holding Borders coupons and gift cards? The company says it will continue to honor those at stores that remain open, but recommends shoppers use their coupons and gift cards as fast as possible.
Clearance sales at Borders superstores (which are among the 200 locations to close) already began this past weekend. Here is a list of the stores planned to close, according to Borders Group. The stores on this list are expected to close by April:
Borders.com will remain operational as Borders attempts to refocus on ebooks and non-book related items. Outskirts Press books with a 50-55+ Price Plan (trade discount) and the retail returns option will continue to be distributed and sold through Borders.com. Our distribution to Ingram, Amazon, Barnes & Noble, and the rest, are not affected by the Borders bankruptcy.