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Borders moves closer to liquidation as bankruptcy court judge okays Borders auction
New York — Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid. The retailer said it will accept bids until 5 p.m. Sunday and will give notice by Monday if no other bidder emerges.
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Gap to roll out more Athleta stores
New York — Gap Inc. is expanding its Athleta brand. The company will open eight to 10 Athleta stores in 2011, with a total of 50 expected by 2013, according to Women’s Wear Daily.
As previously reported, Athleta will make its New York City debut this summer, opening two locations in Manhattan.