LOS ANGELES (CBS) — Borders will start its liquidation sale Friday at nearly 400 stores, including 18 here in Southern California.

READ MORE: Judge Denies LA Firefighter's Union Request For Injunction Against City Vaccine Mandate Enforcement

Books, DVDs and furniture valued at more than $700 million will be discounted by up to 40 percent.

READ MORE: CHP Investigating 10 Freeway Shooting In Rosemead

More than 10,000 employees, including more than 500 in Southern California, will lose their jobs when the company wraps up sales in September.

MORE NEWS: CNN Fires Chris Cuomo

The liquidation plan was approved Thursday, effectively ending the retailer’s 40-year-old business.