And remember how jubilant Blacksburg town council members were when they won their court case against America's favorite superstore and kept the Big W from locating within town limits?
Well, they surely can be happy. They don't have a Wal-Mart to contend with.
Nor much of anything else, for that matter, as it turns out:
Books-A-Million at First and Main to close in 2 weeksOf course, Blacksburg still has Virginia Tech. And, if the trend continues, all it will have is Virginia Tech.
By Amanda Codispoti, Roanoke Times
Books-A-Million, the largest store at Blacksburg's troubled First & Main shopping center, is closing in two weeks.
The book seller will close its nearly 16,000-square-foot store Sept. 27, according to Sheryl Simeck, a spokeswoman for The Rappaport Companies, which manages and handles leasing for the shopping center.
With this latest closure, 40 percent of the 130,000-square-foot center will be vacant.
A Books-A-Million spokeswoman did not return phone calls Monday, so it's not clear why the store is closing. The Birmingham, Ala., book seller lost $2.9 million on sales of $106.4 million during the 13 weeks that ended July 30, the company reported Thursday. It earned $1.9 million during the same period of 2010.
The book store's closing is the latest chapter in the shopping center's struggles to attract and keep retailers. [link]
So happy the town leadership must be.
By the way, though Blacksburg is becoming a ghost town in part because of its hostility to business, Wal-Mart is doing just fine. Record sales. Record earnings. Eye popping operating income. And, most important to the thousands and thousands of owners of Wal-Mart stock, a fabulous dividend payout per share.
Wal-Mart is livin' large. Wish we could say the same about downtown Blacksburg.