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July 27, 2011

Bull Moose eyes Borders stores

By The Mainebiz News Staff

Portland-based entertainment retailer Bull Moose is planning to bid on several Borders locations in New England following the bankrupt bookstore chain's liquidation.

Bull Moose, which last year expanded its traditional music and video offerings with books in its Scarborough and Bangor stores, will bid on leases at some of Borders' stores, though the company did not specify which locations, according to a press release. Book sales so far have been strong, growing by double digits, year over year, which prompted the company's interest in leasing Borders spaces. Bull Moose sells its books for 35% off the suggested price, a pricing model owner Brett Wickard said allows the company to compete with online sales.

Borders last week announced it will close all of its 399 stores and liquidate its assets. The company operates three Borders stores in Maine, as well as a Waldenbooks location. Bull Moose's announcement came as Alabama-based Books-A-Million backed out of a deal to buy 30 Borders locations, including stores in South Portland and Bangor. Bull Moose, which opened in 1989, has eight stores in Maine and two in New Hampshire.

For more on the impact of Borders' closing, read "Booksellers assess their post-Borders status."

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