Books-A-Million has ended its bid for 30 Borders stores. According to a brief release from the bookseller, “the parties could not agree on terms and the going out of business sales at these locations commenced.”
The announcement ended hopes that a few Borders locations could be saved. Books-A-Million CEO Clyde B. Anderson had this statement: “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.”
Last week publishing professionals around the country rallied to support Borders employees. A new job-focused blog was launched “To Help ex-Borders employees find work, make rent, have food and survive.” Mediabistro.com’s Job Post also added a few job leads for bookstore employees. (Via paidContent)