James Patrick Archives - Robot 6 @ Comic Book Resources

Comics A.M. | Borders gets more time for sale; Bud Plant to retire

Borders

Retailing | A federal bankruptcy judge has granted Borders Group permission to loosen the terms of its $505-million bankruptcy loan, giving the bookseller more time to line up a buyer and avoid the immediate liquidation of 40 more outlets. The book chain, which has closed 237 of its 642 stores, will file a proposal on July 1 to sell itself at a court-approved auction to a guaranteed buyer — most likely, the Los Angeles-based Gores Group. The private-equity firm has a plan that would save about 250 of the remaining Borders locations by transforming them into “more appealing destinations” similar to the Apple Store chain. [Bloomberg]

Retailing | Bud Plant, one of the initial direct-market distributors who, at one time, operated the largest chain of comic stores in the United States, has announced his retirement. In a letter to his mailing list, Plant said he is looking to find a buyer for Bud’s Art Books, his mail-order/online retail business. [The Comics Reporter]

Retailing | Jetpack Comics in Rochester, New Hampshire, has put out the call for area residents to participate in a photo shoot for retailer-specific variant cover for The Amazing Spider-Man #666: “This is not the first time Rochester has appeared on the cover of a comic book — the organizations also organized a photo shoot of Main Street that was featured on the cover of a Godzilla comic, with the city about to be crushed by the creature. [...] According to Jetpack Comics owner Ralph DiBernardo, after seeing how well the Godzilla comic sold, Marvel Comics wanted to capitalize on that success and suggested the city be featured again.” [Foster's Daily Democrat]

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