Inside these posts: Liquidation

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March 25 at 9:58 a.m.
16 comments
Filed under: Bankruptcy, Retail

Liquidation sales begin at 26 new Borders stores

By Julie Johnsson

A Borders bookstore at North and Halsted in Chicago in February. (Brian Cassella/Chicago Tribune)

Liquidation sales have begun at 26 Borders stores in 14 states that are slated to close in late May, including an outlet in Wilmette.

Similar sales are already under way at the 200 Borders stores that are scheduled to close by the end of April, as the troubled bookstore chain reorganizes under Chapter 11 protection. Get the full story »

Aug. 13, 2010 at 5:17 p.m.
1 comment
Filed under: Bankruptcy, Earnings, Entertainment

Blockbuster gets debt reprieve as losses mount

By Reuters

Blockbuster Inc. has won its second debt-payment deadline extension in as many months, but the struggling video rental chain reported a wider loss and warned it might have to liquidate, sending its shares plummeting more than 20 percent Friday. Get the full story »