1 Comment

Summary:

For a while last week it looked as though Alabama-based bookstore chain Books-A-Million might snap up thirty Borders stores. But that deal,…

Books A Million
photo: Books-A-Million

For a while last week it looked as though Alabama-based bookstore chain Books-A-Million might snap up thirty Borders stores. But that deal, like so many others in the Borders saga, has fallen apart.

Negotiations fell apart last night, AnnArbor.com reports, and Books-A-Million released a statement on its website: “The company’s efforts [have] ended unsuccessfully because the parties could not agree on terms and the going out of business sales at these locations commenced. Clyde B. Anderson, Chairman, Chief Executive Officer and President said, ‘We worked exhaustively in an effort to acquire these stores and reach agreements with all of the parties whose consent was necessary. Unfortunately, we were unsuccessful.'”

The deal would have saved about 1,500 jobs and expanded Books-A-Million–which now moves into Borders’ place as the second-largest bookstore chain in the U.S.–to new locations in the West and Northeast.

The liquidation of Borders stores began last Friday, with all stores set to close by the end of September.

You’re subscribed! If you like, you can update your settings

  1. I just paid $22.87 for an iPad2-64GB and my girlfriend loves her Panasonic Lumix GF 1 Camera that we got for $38.76 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $675 which only cost me $62.81 to buy. Here is the website we use to get it all from, to.ly/aPXP

Comments have been disabled for this post