Liquidating distressed inventory

It subsequently opened another 41 stores in the United Kingdom, Ireland, Australia, and New Zealand, and bought 35 Books etc. It is located in Berjaya Times Square, which is the world's biggest mall built in a single phase, with 7,500,000 square feet (700,000 m²).

stores throughout Britain from Philip and Richard Joseph. was established as a Borders Group subsidiary and with its Borders and Books etc. In April 2005, Borders Group opened its first franchise store with Malaysia's Berjaya Books Sdn. The store in Berjaya Times Square was advertised as being the world's biggest Borders at 60,000 square feet (5,600 m²); however, this has since changed with the closure of one level of the store.

After quickly becoming one of the country's leading booksellers, due to the fierce competition in the UK marketplace, a number of the Books etc. Borders' second store in Malaysia is located in The Curve, Mutiara Damansara.

The third Borders store opened in Queensbay Mall, Penang on December 7, 2006.

In the Borders acquisition, Kmart merged the two companies in hopes that the experienced Borders senior management could bail out floundering Waldenbooks.

Instead, many of the Borders senior management team left the company, leaving behind an even larger and more unwieldy division for Kmart executives to handle on the heels of aggressive expansions by rivals Barnes & Noble and Crown Books.

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Despite financial difficulties in the domestic market, Borders continued to expand its franchises, adding stores in Malaysia, Oman, and Sharjah.

By the end of December 2010, Borders employed more than an estimated 1150 across the UK stores which went into administration before the end of 2010. Borders Group formerly operated stores in Australia, New Zealand, and Singapore.

However, these were sold off to Pacific Equity Partners (which owned rival Angus & Robertson) in 2008, then were later sold again to REDgroup Retail.

The stores continued to operate under the Borders brand as the unaffiliated "Borders Asia Pacific" until Red Group was placed into voluntary administration in February 2011; with the five New Zealand stores sold to the James Pascoe Group, and the Australian stores gradually shut down, with the last group to close by July 2011.

In February 2011, Borders applied for Chapter 11 bankruptcy protection and began liquidating 226 of its stores in the United States.

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