Waldenbooks to close store at Biltmore Square Mall
Thursday, November 5, 2009 Another blow to the Biltmore Square Mall. Press release here:
As part of Borders Group's ongoing strategy to right-size its Waldenbooks Specialty Retail segment and emerge with a smaller, more profitable mall chain in fiscal 2010, the retailer will close approximately 200 mall stores in January, leaving approximately 130 mall-based locations open. A list of mall stores expected to close is included in this news release and has been posted at www.borders.com/waldenstorelist.
The list is not final and is subject to change pending finalization of agreements over the coming weeks. Importantly, today's announcement regarding the mall business does not include Borders superstores or the company's seasonal mall kiosk business, which includes over 500 Day by Day Calendar Co. units, among other mall-based retail concepts.
Store closing list here.
Ash |
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Reader Comments (7)
Biltmore Park Town Square has slapped everyone in the face by being choosy about picking tenants and it will pay off and already is.
Biltmore Square Mall has such potential and it's a shame it allows some of the tenants is does.
I can't understand why it never took off. It had a lot of the same stores that the Asheville mall had, but was much easier to get to for a lot of people in the area. For one thing, you didn't have to navigate the mess that is Tunnel Road.
It's only a matter of time now, I guess. Everything is deserting the mall, and there's not really anything left after Waldenbook's leaves besides a Radio Shack, Hallmark, and Belk's. How long will it be before they close up shop too?
Doze the mall, put up a Civic Center on the ashes of Biltmore Square Mall.
Interstate access, plenty of support services.
Pull from Hendersonville, Brevard, Saluda and Asheville. Maybe even Greenville.
But that makes too much sense.