Woodbridge, Va. — A plan to save the Borders bookstore in Woodbridge has fallen flat on its face.
Books-A-Million aimed to purchase 30 of the company’s remaining stores all going out of business after the company declared bankruptcy earlier this year.
The bid to buy the store on Prince William Parkway — one of the three Borders in the Washington area and the only location in Virginia Books-A-Million was interested in – collapsed when the two companies could not agree on terms, reports the Washington Business Journal.
Books-A-Million currently has a large book store and coffee shop inside Potomac Mills mall. If the company does acquire the Borders store, there is no word yet on what would happen to the Books-A-Million store inside the mall.
Borders last was unable to find a buyer for the ailing company and begun a massive liquidation of their remaining merchandise.
In February the company closed 30 percent of their stores, including a location in North Stafford. The storefront remains empty.
