Saturday, October 04, 2008

Olsson's Books of DC Say Goodbye

DC’s Olsson’s Books Closes
by Calvin Reid
Publishers Weekly
September 30, 2008

Olsson’s Books and Records has filed for liquidation under the chapter 7 bankruptcy laws and has closed its doors after 36 years selling books in the Washington D.C. area. All five of its current Washington D.C.-area stores have been closed. The firm applied for Chapter 11 bankruptcy in July with plans to reorganize and cut costs by closing some of its stores. But a combination of low sales and rising rent was more than the DC metro-area indie chain could overcome...[read the rest here]

1 comment:

Donigan said...

It is always sad when any independent bookstore succumbs to the desperation of the times, and maybe especially this one, because, along with Kramerbooks, it was one of my favorite bookstores in DC. This one has an ironic sadness in that I was scheduled for a reading - signing at Olsson's Dupont Circle next Thursday, the 9th. Signings-readings for the non-famous among the author corps are becoming as rare as independent bookstores. Maybe I should also declare bankruptcy and start selling shoes.