Wednesday, July 27, 2011
Books-A-Million Deal Fizzles
Books-A-Million "had been seeking to acquire all the inventory, fixtures and leaseholds" of its target stores but could not reach an agreement with all the parties involved. That means that the Lutherville store, along with about 30 others that Books-A-Million was after, will now be liquidated along with the other 370 stores.
Supposedly, Books-A-Million is still hoping to win some of the leaseholds at auction, but it will be a different kind of deal that does not seem to include the inventory or fixtures.
That's just sad.