It's looking like more bad news for the bankrupt Borders Group. The chain, which already closed about 200 stores is having trouble attracting a bidder for its remaining 400 locations.
Reports last week seemed to indicate that a deal was close. The Wall Street Journal reported that an indisclosed buyer was interested in grabbing about 225 of Borders' stores. Some assumed the bidder was Amazon.com. There was also talk of competitor Barnes & Noble having interest in buying 10 stores and Borders online business.
But now it looks like no one is stepping up to make a purchase.
Of course, all of this is bad news for landlords with Borders in their portfolio. Even with the ramping up of expansion plans by some retailers, these spaces will be hard to fill.
What do you see going into empty Borders stores, and will landlords look to fill some of these spaces at next week's ICSC RECon show?
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