Update
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.
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Stafford, Va. –– Chalk one in the win column for Stafford, as the county that dubbed itself business friendly convinced Woodbridge-based Tridex Associates to move 110 employees there.
The 2009 acquisition of the hospital on Opitz Boulevard in Woodbridge, and a increase in Virginia’s Medicaid subscription plans helped Sentara Healthcare reach the increased profits, the HamptonRoads.com reports.
Sentara, a non-profit, posted $2.21 billion in net assets at the end of December, more than $300 million more than the year before.
The retailer has struck a $2.8 billion deal to be acquired by two private firms.
Shareholders would receive $51.25 per share of common stock, that’s just above where the stock traded at a one-year high of $50.29 per share, according to CNBC.
Robert Weed, who has offices in Manassas and Woodbridge, says he chose to open a Stafford office to not only be closer to his clients who already visit him in his Prince William County offices, but because the economic downturn has severely affected residents in the county.
“Stafford County, Va., has some of the longest commutes in America. So people in Stafford have been hit harder than most when gasoline hit four dollars a gallon,” Weed stated in his company blog. “Stafford also has a low average age–fifth lowest in Virginia. That low median age translates to mean, young families with children. The folks hardest hit when there’s a loss of income.”
Tommy Bahama Outlet is slated to open its doors in early August, bringing with it clothing usually seen by those who live on tropical islands, as well as t-shirts, polo shirts and fragrances.
It is one of three new stores coming to the mall’s “fashion district” in neighborhood one.
Mall officials have not yet said when the outlet store will close for good, nor have they announced what will replace the stores.
The outlet store offered discounted clothing and home goods found at regular JCPenney company stores.
In a cost cutting measure, Borders Books and Music closed several stores including its North Stafford location.
The store in Woodbridge remains open, as do other stores that performed better than the Stafford County location.
Woodbridge, Va. –– More than 25 years after it was supposed to have been completed, Northern Virginia Community College will get its third building.
