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Pres. of Coinstar DVD rental biz resigns
BELLEVUE, Wash. — Coinstar announced that Mitch Lowe has resigned as president of the company's DVD rental kiosk business, redbox. Lowe has resigned to pursue entrepreneurial and other interests, and will continue to serve as president until a successor is named. Coinstar has commenced an external search to identify a new president of redbox.
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Books-A-Million looks to expand with help from Borders liquidation
BIRMINGHAM, Ala. — Books-A-Million announced the company has submitted a bid in the Borders Inc. bankruptcy proceedings to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations. Under the proposed bid, Books-A-Million will assume the leases for these locations and continue to operate these stores.
Borders Group on Thursday won court approval to liquidate its remaining 399 stores.