Bankruptcy liquidation will start Friday with $700 million in books, DVDs, and furniture discounted up to 40 percent. Borders expects to wrap up the bankruptcy sales in September.
Borders has filed for Chapter 11, and hundreds of outlets across the country have been placed on the chopping block. But don't worry: Even if your local Borders is on the closing list, your Kobo will continue to work just fine.
Borders bankruptcy comes at a time when the company reports $2 million in losses each day at the stores it plans to close.
Borders, now launching an e-bookstore, is late to the race.
Borders commits to offering e-readers "in the neighborhood of $100."
The Borders Kobo e-reader is set for release in June. But will the Kobo find a place in an already crowded market?