A last-ditch bid to convert two local Borders book stores into Books-a-Million stores has fallen through, according to the Alabama-based retailer that had hoped to acquire part of the bankrupt chain's holdings.
The news Monday from Books-a-Million Inc. means a certain end for all Borders stores nationwide - including locations in Exton and in Mays Landing, which would have been converted to Book-a-Million if the deal had been finalized.
Border's stores are going out of business as part of a liquidation announced a week ago.
Books-a-Million had been trying to negotiate a deal with the bankrupt Michigan-based retailer to acquire 30 of its stores, along with inventory, fixtures, equipment and leases. But those efforts failed to yield fruit, the company said.