Store-closing sales have begun at the Borders stores in Kahului, Maui and Waikele Center on Oahu, the third and fourth in Hawaii targeted for closure in Borders’ ongoing bankruptcy case.
Authorized by the U.S. Bankruptcy court, the sales offer 20% to 40% off all merchandise, with limited exceptions. The stores will honor Borders gift cards and Borders Rewards programs continue as usual.
Sales are already underway at the Kailua-Kona and Lihue Borders stores, slated to close by the end of next month, whereas the Maui and Waikele stores are to close by late May.
The liquidation of inventory and store fixtures is being managed by a joint venture comprising Hilco Merchant Resources LLC, Gordon Bros. Group, SB Capital Group LLC and Tiger Capital Group.