Borders wins approval to liquidate 200 stores
New York City — Borders Group on Thursday won bankruptcy court approval to liquidate approximately 200 stores in a deal that may bring in $175 million to creditors. The sales will begin Feb. 19, allowing Borders to take advantage of the President’s Day holiday, typically a major shopping weekend.
Hilco Merchant Resources LLC, SB Capital Group, Tiger Capital Group LLC and Gordon Brothers Group won the bidding to handle the liquidation sales, according to Bloomberg.
The stores to be shuttered operate under the Borders, Waldenbooks, Borders Express and Borders Outlet names, according to a court filing.
Filicia launches bedding line on QVC
WEST CHESTER, Pa.— Home decor expert Thom Filicia has debuted a new line on QVC.
Thom Filicia Designs for Living includes an exquisite assortment of top-of-bed pieces, including comforters, pillows, throws and sheet sets priced between $28 and $250.
"While Thom may best be known for his television roles, his unique design aesthetic and fresh, approachable style are what truly make him a star," said John Kelly, VP merchandising for QVC. "We are thrilled to have the opportunity to offer this exciting new line to our shoppers."
Nordstrom to acquire HauteLook
Seattle — Nordstrom announced today it has entered into an agreement to acquire HauteLook, a leader in the online private sale marketplace. The company said the acquisition will enable Nordstrom to participate in the fast-growing private sale marketplace and provide a platform to increase innovation and speed in the way it serves customers in all channels.
“We are excited to partner with HauteLook as we believe this acquisition further enhances our focus on serving customers online in new and compelling ways,” said Blake Nordstrom, president, Nordstrom. “While our focus on providing a superior in-store shopping experience is our roots, continuing to find ways to use technology to serve customers the way they want to be served is critical. This partnership gives Nordstrom and HauteLook shared growth opportunities as online shopping evolves.