On top of eradicating a much-loved local chain, the closure of Olsson's bookstores also played havoc with the schedules of a few authors who had readings scheduled at the stores. At least one writer has found a new date and place to do a little self-promotion: Michael Kimball, Baltimore author of the novel Dear Everybody [...]

Bad news for D.C. bookstores today: DCist reports that Olsson's Dupont Circle store has closed. This follows the bookseller filing for bankruptcy in July; earlier this month Shelf Awareness reported that the local chain's head book buyer and general manager, Alexis Akre, left the company.
Nobody's picking up the phone at any of the chain's [...]

This morning's Shelf Awareness has a few details from Olsson's Chapter 11 bankruptcy filing. The local bookstore chain claims $929,428 in assets and $1,951,629 in liabilities. The usual reasons are cited for the downturn, but controller Terence McCann expressed confidence about the future of the business in the filing (hence the Chapter 11 claim, not [...]