Wednesday, June 6, 2012
The Friendship Heights storefront—empty for many months—will soon be occupied by the discount shoe store.
After many months of waiting, we have an answer to the question of what will replace the Borders bookstore. Bargain-hunting shoe lovers rejoice: DSW is coming to the neighborhood. The Friendship Heights storefront (at 5333 Wisconsin Ave. NW, Washington, DC) has been closed for about a year, save for a few months last autumn, when a temporary Halloween costume store moved in, followed by the temporary lease of the space by neighboring high-end furniture store Roche Bobois for its overflow holiday stock. Last week, a small but not insignificant sign appeared in the papered-over window, announcing DSW's imminent arrival. Get daily and breaking news email updates from Chevy Chase Patch by signing up for newsletters here.
Wednesday, November 9, 2011
Chief Executive Donald Wood is optimistic on the leasing outlook of the Wisconsin Avenue storefront, as well as Bethesda Row and other key Montgomery County sites.
Donald Wood, president and chief executive officer of Bethesda-based Federal Realty, describes all four of his firm’s former Borders locations as ‘A-plus’ properties, including the one in Chevy Chase, and he doesn’t envision difficulty in getting strong rents for them. He specifically mentioned the Friendship Heights Borders store on Wisconsin Avenue as well as three other former Borders stores—two in California and one in Wynnewood, PA. “These are all a-Plus locations and it won’t be hard to release them at strong rents,” Wood told analysts in a third quarter earnings conference call last week. He did not discuss—and wasn’t asked about—the two temporary leases at Borders’ Friendship Heights space, first to the Halloween Spirit store and …
Wednesday, November 2, 2011
But, the furniture store has no plans to move to the former Borders location on Wisconsin Avenue NW, on the Washington, DC, side of Friendship Heights.
Attention all those looking for great bargains on stuff for Halloween next year: Today (Wednesday, Nov. 2) is the last day for the Halloween 'pop up' store on Wisconsin Avenue NW (in the former Border's book store location). The Halloween Spirit store closes at 9 p.m. on Nov. 2 and customers have been taking advantage of bargain, post-festivities pricing. The space, which Borders vacated in April, will be leased on a temporary basis to Roche Bobois, a furniture store down the block, which will use the space to store extra furniture ahead of the Christmas holidays. But Roche Bobois, now on the corner at 530l Wisconsin Ave. NW, has no plans to move there, according to a store manager. "We plan to just consolidate some things there from …
Monday, July 25, 2011
Game plan for the bankrupt book store chain is well-established.
Here we go again: Another big-fire sale on books and other merchandise is underway at Borders—but this time, it's at the one in downtown Silver Spring, at 8518 Fenton St., rather than Friendship Heights. All the same to this writer, who happens to live in Rollingwood, a section of Chevy Chase that’s roughly equidistant from both downtown Silver Spring and Friendship Heights. So here’s the game plan of what to expect as Borders liquidates over the next couple of months: At the outset, discounts being offered will range from 20 percent to 40 percent, with popular items such as children’s books, cookbooks and the like marked down only 20 percent. Other, slower-moving items, like legal books or more academic-oriented material, will likely get …
Sunday, April 10, 2011
Good bargains abound as the countdown begins to the store’s closing next weekend.
The countdown signs at the front door tell the story: only a few days remain until the popular Borders store in Friendship Heights in Washington, D.C., shuts its doors for good at the end of this week. Although many of the best pickings have already been plucked (at higher prices), a visitor Thursday evening found lots of good books remaining at bargain-basement prices. Maps, puzzles, games and other items are on sale too, at 60 percent off. The store, which filed for protection under bankruptcy law provisions in February, is trying to peddle everything that isn’t nailed down, following the same playbook the Borders chain used in earlier rounds of store closings nationwide. All fixtures, furnishings and equipment will be sold, managers say…
Friday, February 18, 2011
The 200 underperforming stores across the nation, including ones in White Flint and Friendship Heights, are expected to close by the end of April of this year.
Borders, facing near strangulation with $1 billion in debt hanging around its neck, will close 200 stores, or nearly one-third of its retail outlets nationwide. In its court filing at the U.S. Bankruptcy Court in New York, the Ann Arbor, Mich.-based chain said the stores slated for shuttering are losing an astounding $2 million a day and that massive inventory clearances will start this weekend, the three-day President Day’s holiday, when traffic in malls and at stories is traditionally high. The Friendship Heights store is one of two being shut in the District of Columbia, while the large White Flint Mall store is the only store being closed in Montgomery County and one of only three in Maryland on the closure list. The other two are in …
Wednesday, February 16, 2011
The store, as well as the others across the nation, is expected to close by the end of April of this year.
In a struggle to stay relevant against online book companies and electronic readers, Borders Group has filed Chapter 11 bankruptcy. The bankruptcy will help the chain bookstore to “reorganize in order to reposition itself to be a successful business for the long term,” said Mike Edwards, Borders Group President in a press release. Stores across the nation will be closing, including the store in Friendship Heights in Washington, D.C. Another store in the district, located on K Street, is closing. In Maryland, closures are scheduled for Bowie, Kensington (at White Flint Mall) and Largo. Five stores are closing in Virginia. "Borders has identified certain underperforming stores — equivalent to approximately 30 percent of the company’s …