Borders liquidating

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On November 10, 2015, Borders, through its Liquidating Trustee, sold the rights to its remaining assets to Oak Point Partners, including the rights to unclaimed property, overpayments, undeliverable funds, insurance refunds, refunds, warrants, unclaimed funds, rebates, uncashed checks, restitution, credit balance, escheat, judgment balance, abandoned property, and settlement proceeds.

Payments, overpayments, refunds, unclaimed or undeliverable funds, uncashed checks, rebates, or other proceeds owed to Borders should now be directed to Oak Point Partners.

To compete in the rapidly growing e-reading market in the 2000s, Borders began selling various e-books devices.

Borders put out its own e-reader app, where customers could easily download and access a large catalog of books.

Starting in the 1970s, the company had a competitive edge for two decades due to its software system, which allowed stores to manage inventory and accurately project sales.

In 2004, through its subsidiary, Seattle’s Best Coffee, Borders started to implement cafes within stores.

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Although not the original location, it was identified as "Borders #1" because it was the flagship store.They moved the retail bookshop to much larger quarters that had become available across the street at 303 South State, in the former location of the Wagner and Son men's clothing store.The old shop was renamed Charing Cross Bookshop and Tom Frick was sent over from the new bookshop to help.Borders was acquired in 1992 by Kmart, which had acquired mall-based book chain Waldenbooks eight years earlier.Kmart had struggled with the book division, having first tinkered with the assortment and later with discounting.

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