End of the Line for Borders
– July 18, 2011 4:54 pm
Borders says it will begin liquidating its assets as early as Friday and close all of its remaining stores, including a location in Woodbridge, by September, reports the Wall Street Journal.
Original Post 4:55 p.m.
Woodbridge, Va. – The days appear to be numbered for the last remaining Borders book store in the Potomac Communities.
The company imposed a deadline of Sunday afternoon to find a buyer for the remaining 400 stores, but that deadline passed without a buyer, reports the Washington Business Journal.
The company closed more than 600 stores earlier this year, including a location at Stafford Marketplace in North Stafford, but the Woodbridge location in the Smoketown Stations shopping plaza on Prince William Parkway remains open.
There have been reports the company is in talks with Books-A-Million to buy the remaining stores, but no decision has been announced.
Books-A-Million operates a large book store inside Potomac Mills Mall.
Economic development officials in Stafford have yet to say what might replace the former bookstore, which included a coffee shop that was a popular hangout for those with a passion for free wireless internet access.