Bankrupt Bay Area bookstore chain Books Inc. filed a motion with the bankruptcy court seeking approval to sell their assets to an affiliate of Barnes & Noble for $3.25 million. Books Inc. filed for voluntary Chapter 11 reorganization in January “in response to revenue losses from steadily rising operating costs and changing consumer buying habits exacerbated by the COVID pandemic.” Last year, the bankrupt Tattered Cover stores in Denver were sold to B&N for $1.83 million. Books Inc. says in their announcement that if the deal goes through, the store group “will preserve its independent identity. Books Inc. will continue […]
