Five retail spaces in Louisville once occupied by Borders and Waldenbooks stores will be sold at auction next month. But one former Borders store isn’t changing hands. The branch at Fourth Street Live is still owned by the Baltimore-based Cordish Companies. Cordish holds the lease and will decide what fills the space next. Mayor’s spokesman Chris… Continue reading Retail Unlikely for Fourth Street Borders Location
After 40-years in business, the Ann Arbor, Michigan-based bookseller Borders plans to liquidate. The company once operated four bookstores in Louisville, but the branches on 4th Street and South Hurstbourne were closed weeks after the company filed for Chapter 11 in February. The stores at Shelbyville Road Plaza and on Bardstown Road were to remain… Continue reading Remaining Two Louisville Borders Stores Expected to Close as Company Liquidates
Nothing has changed with the two stores previously set to close–on Hustrborne and in 4th Street Live. There is one other Borders in Louisville, in the Gardiner Lane Shopping Center.
Earlier, Borders planned to close two of the four Louisville stores—one on 4th Street Live and another on South Hurstborne. Now, the Shelbyville Road Plaza store is closing, leaving one remaining Borders in Louisville, on Bardstown Road.
Two of the four Borders stores in Louisville are closing. WFPL checked in with local independent bookseller Carmichael’s for a reaction to the news earlier this week. Manager Kelly Estep says the closures are a blow to book industry as a whole, and while sales at Carmichael’s have been steady, it’s not clear what effect Borders’s bankruptcy may have on smaller shops.
One possible effect, though, is an increase in Borders gift cards being redeemed at Carmichael’s.
The Borders stores on 4th Street and Hurstbourne Parkway are among 200 stores closing across the country as Borders goes through Chapter 11 bankruptcy.
Kelly Estep manages Carmichael’s in Louisville. She says it’s not clear what effect the closures will have on independent shops.
Mayor’s spokesperson Chris Poynter says the city must now work on filling the soon-to-be empty retail spaces, particularly the one on 4th Street, which anchors 4th Street Live.
“It’s unfortunate that we’re losing an anchor tenant, but businesses have come and gone all the time at 4th Street Live, so we’re pretty confident the Cordish Company with their national experience and their retail experience can find a viable use for that space if indeed the Borders closes,” he says.
A gubernatorial appointment means the Republican-controlled Kentucky Senate now has one less Republican.