Retail Traffic

Bookstores drop suit against Borders Group and Barnes & Noble

Tarrytown, N.Y. – The locally based American Booksellers Association (ABA) and 26 independent bookstores dropped a federal antitrust lawsuit against New York-based Barnes & Noble Inc. and Ann Arbor, Mich.-based Borders Group Inc. in exchange for $4.7 million.

The small bookstores accused the two national chains of illegally using their size to demand discounts from publishers, a move they said undermined independent booksellers’ ability to compete.

TAGS: Retail
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish