Books-A-Million makes offer for 30 Borders stores
Birmingham, Ala. -- Books-A-Million confirmed it has submitted a bid to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations. Under the proposed bid, Books-A-Million will assume the leases for these locations and continue to operate these stores. The move comes as Borders Group, after winning court approval, begins to liquidate its business.
Books-A-Million currently operates 231 stores in 23 states and the District of Columbia. With the liquidation of Borders, Books-A-Million will officially be the nation’s second-largest bookstore chain, after Barnes & Noble. The majority of its stores in the Southeast, but the Border deal could expand its reach as about half of the 30 stores that could be acquired are in the Northeast, including eight in Pennsylvania.