
UPDATE: Giovanni's Room could remain open
The store announced tonight that it has a prospective buyer.

Via a press release from Giovanni's Room around 5 p.m. today (the store, said to be the oldest LGBT bookstore in the nation, has been scheduled to close on Saturday, May 17):
Giovanni's Room...is currently in discussions with a potential buyer. The prospective buyer is a large LGBT-related organization in Philadelphia, so their decision depends on the agreement of a number of people. If it seems they can decide in the next week or so, the store will not close before they decide. But if it seems the decision won't come till June, then the store's last day will be Saturday, May, 17, and, hopefully, it will reopen later...Let's hope a successor will give it new life.