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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]
