Friday, July 22, 2011

Books-A-Million Wants 30 of the Borders Bookstores

Supposedly/theoretically, the big liquidation "sale" at the 399 still-open Borders bookstores begins today.  Now it appears there is a chance that some 30 of the stores just might remain open after the smoke has cleared.

According to the Washington Post, rival bookseller, Books-A-Million, has a bid in place that, if accepted, would keep selected stores open in California, Connecticut, Delaware, Ohio, Maine, Maryland, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Virginia, and Wisconsin.

It's not exactly White Knight news, but 30 of 399 stores is a lot better than losing all of them, especially to the readers in those 17 states lucky enough to keep one or two stores open.  Pennsylvania seems to be the big winner with 8 stores potentially being rescued.

Keep your fingers crossed.

5 comments:

  1. Fells a bit like cold comfort, but it's still comfort. So, I'll take it.

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  2. Not White Knight...more like ecru or even taupe.

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  3. Now if only Half-Price would take the remainder....

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  4. None of the PA stores are near State College. We have a Barnes and Noble south of State College and on the PSU Campus. There are a couple places in town that mainly deal in textbooks.

    Don't know what is in Altoona or Williamsport.

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  5. It's a story of too little, too late, guys, but I'll take it, wishing that Books-A-Million could have saved the majority of the stores. But I'm not real clear on the financial capacity of the chain...

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