In reporting their recent quarterly earnings, Agree Realty took a $7.7 million impairment charge related to four leases for Borders stores that are currently being liquidated and another two stores that were closed earlier in the year. They retain exposure on additional store leases, as well as the lease on the Borders headquarters building in […]
Closing
Non-Bankruptcy Bookstore News
Four St. Louis bookstores–Left Bank Books, Pudd’nhead Books, Main Street Books and Subterranean Books (which has said it might have to close this year)–have formed the St. Louis Independent Bookstore Alliance. They have a Facebook page, a joint website in the works, and are planning a bookstore tour. And they expect to welcome other area […]
Store News: Diesel Malibu to Close; USA Today Celebrates Surviving Indies; NC Privacy Suit Settled, and More
Diesel Bookstore in Malibu will close shortly, but co-owners John Evans and Alison Reid hope to find a new location in which to reopen before the end of the year. They blamed a “a protracted legal skirmish” along with low sales, saying the retail center in which they are located turned into a “ghost town” […]
Bookstore News
Diane Cox has bought Whittier, CA’s The Little Old Bookshop and will reopen it this week as Half Off Books. Item Flintridge Bookstore & Coffeehouse in La Cañada Flintridge, Calif., will re-open Monday in an expanded location. The store will have an Espresso Book Machine and host events.La Canada Online But The Muses Bookstore in […]
The Mystery Bookstore To Close on January 31
Just days after Borders closed its Westwood store, the west side Los Angeles neighborhood learned it will lose another: The Mystery Bookstore will close its doors on January 31. In a note to authors and customers sent Tuesday afternoon, owners Kirk Pasich and Pamela Woods said, “We simply cannot compete with the Amazons of the […]
Bookstore Closings: Syracuse Borders Joins Unconfirmed Others, As Portsmouth, NH’s Gulliver’s Announces Closing, Too
Add to the list of upcoming Borders’ closing their outlet in Syracuse’s big Carousel Center mall. A supervisor there tells the local paper they will close some time in March, citing only “a lease situation.” It is the only bookstore in the big shopping center. That closing comes on top of the 14 Borders that […]