Tuesday, March 29, 2011

Borders Liquidators Race Clock, Squeeze Cash From Doomed Stores

Businessweek: " ... The liquidators must sell as much as possible before their contract expires in order to maximize profit. Afterwards, their options are limited: They can sell stock to a non-retail customer, hang onto it and attempt to sell it later when liquidating other stores, or abandon it. They can’t sell to wholesalers or bulk purchasers who may return Borders stock to publishers, and thus Borders’s competitors. ... "