Borders Group, which had closed six metro Atlanta book stores, will shut down its remaining seven locations as part of a company-wide liquidation announced Monday.
Two liquidation firms, Hilco Merchant Resources and Gordon Brothers Group, will dissolve the company. The move came after a bid fell through from private equity firm Najafi Cos.; creditors and landlords said liquidation was a better deal.
While Borders prepared to disappear, local experts said the metro Atlanta retail market that has seen the addition of few big-box locations could embrace the new space, and area bookstores and publishers said they were prepared for Borders’ demise.
Ruth Coan, a partner at The Shopping Center Group who leased Borders spaces, said most of the stores could draw retailers new to the market or those that want to upgrade their space.
“They are excellent sites with good visibility and signage,” Coan said. “I believe there are going to be a lot of retailers that are going to be grateful to have some new opportunities.”
Source: Atlanta Journal Constitution | Arielle Kass
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