New Owners, Name for Ferguson Books & More, Grand Forks, N.Dak.
Ferguson Books & More in Grand Forks, N.Dak., is closing after 13 years in business, and longtime employees and mother-and-son team Patricia and Sterling Reed will carry the torch by opening Silver Dawn Books in Grand Forks this month, the Grand Forks Herald reported.
Dane Ferguson, owner of Ferguson Books & More, will be selling the store's inventory, fixtures, and customer list to the Reeds. Other Ferguson Books locations, in West Fargo and Bismarck, will remain in operation under Ferguson's ownership.
The Reeds, meanwhile, have found a new, smaller space for Silver Dawn Books inside of the Grand Cities Mall. The store will sell new and used titles, and while the product mix will be similar to that of Ferguson Books, Sterling Reed plans to expand certain sections, such as horror. He told the Dakota Student: "I'm most excited to implement my own stock ideas that I couldn't do before."
"They will have a little bit of reduced footprint, a lot less storage and a lot less overhead," Dane Ferguson told the Herald. "I just feel good about the decision because I know who's taking over. We're sad to leave Grand Forks, but we're happy with how we are doing it."
"Working with books is what I do best," Sterling Reed said. "When Dane brought up the idea of buying the store, I jumped at it. I've always wanted to open my own store."
"Sterling's very equipped and knowledgeable about the day-to-day operation of a bookstore," Patricia Reed added. "There is not going to be any problem with transition."