Books Etc shops under review as leases sold

<p>A review of the high street Books Etc estate is likely to result in additional stores being put up for sale, Borders UK m.d. Philip Downer has told The Bookseller. The move follows the sale of the Covent Garden and Cheapside sites to non-book retailers due to rising rents. The lease on the chain's Oxford Street Books Etc is also up for sale.

The chain intends to "reduce the size" of its small store portfolio of 33 shops, to create a chain with "long-term profit potential". Downer said: "We have had a small number of stores on the market for a considerable period of time, and we will add ...

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