NBC Acquisition Corp. and its subsidiaries, including Nebraska Book Company, an industry provider in solutions for the college bookstore marketplace, announced the company’s plan to close seven of its off-campus bookstore locations by filing a Notice of Rejection of Unexpired Lease with the U.S. Bankruptcy Court for the District of Delaware.

The stores will remain open for the back-to-school rush this January and will close in mid-to-late February 2012. The company also announced that it obtained an extension from approximately 40 additional off- campus stores to continue evaluation of performance and negotiation efforts with landlords through April 30, 2012. The company’s on-campus bookstores are not impacted by this announcement.

After entering the Chapter 11 process, Nebraska Book Company initiated a comprehensive review of its 138 off-campus bookstore locations to ensure that each store was beneficial to the future growth of the company. The company obtained a consensual extension of the court-ordered deadline to assume or reject real-property releases from a number of the Company’s off-campus locations to continue reviewing performance through April 30, 2012.

The seven off-campus stores that will be closed include: GotUsed Bookstore — Pittsburgh, PA; The College Store — Akron, OH; Spirit Shop — Lubbock, TX; Traditions Bookstore – Woodstone — College Station, TX; Chattanooga Books — Chattanooga, TN; Madison Textbooks — Madison, WI; and Florida Book Store Volume III — Gainesville, FL.

Previously on abfjournal.com:

Nebraska Book Reorganization Hearing Delayed Until March, Thursday, December 15, 2011