Wednesday, July 27, 2011

Books-A-Million Deal Fizzles

Turns out that the effort Books-A-Million made to acquire between 30 and 35 of the soon-to-be-closed Borders bookstores was just too good to be true.  It's not going to happen.

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.

No comments:

Post a Comment