Borders Group

  1. Borders To Liquidate Assets Upon Court Approval

    July 18, 2011 7:31 PM EDT NEW YORK (AP) - Borders Group is seeking court approval to liquidate its 399 stores after it failed to receive any bids that would keep the 40-year-old chain in operation and canceled an auction process. BORDERS FILES CHAPTER 11, TO CLOSE 200 STOR ...

  2. Borders' Chapter 11: What Impact Will It Have On The Music Business?

    February 16, 2011 6:34 PM EST The Borders Group's Chapter 11 filing shouldn't have too much of an impact on the music industry in general: Over the last two years the Ann Arbor-based merchant has made deep cuts in its music commitment. But it will have a big impact o ...

  3. Borders Files Chapter 11, To Close 200 Stores

    February 16, 2011 8:00 AM EST Borders Group is filing for Chapter 11 bankruptcy reorganization after a long struggle to stay afloat as the book and music businesses changed beneath its feet. The 40-year-old company plans to close about 30 percent of its stores, or about 200, o ...

  4. Update: Borders U.K. Files For Administration

    November 26, 2009 12:00 AM EST Borders U.K. called in the administrators - roughly equivalent to Chapter 11 bankruptcy protection - on Thursday (Nov. 26), joining a string of British high-street retailers that have fallen victim to the economic slump and tough competition. Admi ...

  5. Borders To Receive Working Capital Injection After Buyout

    July 17, 2009 12:00 AM EDT Borders U.K. chief executive Philip Downer has ruled out store closures "in the near future," following the retailer's management buyout. Downer and finance director Mark Little led a buyout of the business, backed by Valco Capital ...

  6. Borders To Shrink Music Shelf Space

    February 10, 2009 12:00 AM EST The Borders Group is threatening to greatly reduce music and DVD presence in its stores unless it gets significant buying concessions on the schedule with which it must pay for product. But even if vendors make concessions, the chain still plans s ...

  7. Borders Changes Hands In Aus, NZ

    June 06, 2008 12:00 AM EDT In a surprise move, A & R Whitcoulls has bought the Australasian operations of the Borders Group. The New Zealand-listed company behind the Angus & Robertson and Whitcoulls bookselling chains had made a bid for the Australian and NZ Border ...

  8. Aussie Regulators Investigate Borders Bids

    October 15, 2007 12:00 AM EDT The Australian competition regulator is calling for submissions on rival bids for the Borders Group's assets in the region. As previously reported, A & R Whitcoulls (ARW), the Auckland-based company behind some of Australasia's bigge ...

  9. Whitcoulls Plans Borders Swoop Down Under

    October 04, 2007 12:00 AM EDT The company behind some of Australasia's biggest book chains has confirmed that it is in the market for the Borders Group's assets in the region. A and R Whitcoulls, which is based in Auckland and listed on the New Zealand stock exchange ...

  10. Venture Firm Buys Stake In Borders U.K.

    September 21, 2007 12:00 AM EDT Venture capital firm Risk Capital Partners (RCP) has acquired a majority share in Borders U.K. and Ireland, the books, music and DVD retail chain, from U.S.-based Borders Group. The deal values the U.K.-Irish company at more than £75 million ($151 ...

  11. NARM Awards Nominees Revealed

    March 15, 2007 12:00 AM EDT The National Assn. of Recording Merchandisers nominees for its merchandisers of the year awards, includes 14 first-time selections, according to NARM president Jim Donio. The winners will be unveiled on the last night of the NARM annual convention ...

  12. NARM Noms Revealed

    June 06, 2006 12:00 AM EDT Annual convention set for Aug. 2-5. The National Assn. of Recording Merchandisers has revealed the nominees for its merchandisers of the year awards. The winners will be unveiled on the last night of the NARM annual convention, Aug. 2-5 in Kissimm ...

  13. Borders Starts Business In Ireland

    March 28, 2006 12:00 AM EST U.S.-based books and entertainment retailer Borders Group will open its first store in the Republic of Ireland this autumn. The 20,000-square-foot two-story superstore in the country's capital Dublin U.S.-based books and entertainment retaile ...

  14. Borders Reports $14M Q3 Net Loss

    November 16, 2005 12:00 AM EST The Borders Group on Wednesday (Nov. 15) reported a $14.1 million net loss, or 20 cents per share, on sales of $840 million for the company's fiscal third quarter, ended Oct. 22. The Borders Group on Wednesday (Nov. 15) reported a $14.1 milli ...

  15. Borders Online Must Pay Cal. Use Tax

    June 07, 2005 12:00 AM EDT A California Court of Appeal held May 31 that Borders Online must pay a use tax to the State Board of Equalization for online sales to California customers. NEW YORK -- A California Court of Appeal held May 31 that Borders Online must pay a use ta ...

  16. Retail Track

    February 21, 2005 12:00 AM EST The Borders Group pushes to reduce music space in its stores since the product's sales have declined. Read Ed Christman's column. The Borders Group pushes to reduce music space in its stores since the product's sales have declined. ...

  17. Retail Track

    February 21, 2005 12:00 AM EST The Borders Group pushes to reduce music space in its stores since the product's sales have declined. Read Ed Christman's column. The Borders Group pushes to reduce music space in its stores since the product's sales have declined. ...

  18. Retail Track

    February 21, 2005 12:00 AM EST The Borders Group pushes to reduce music space in its stores since the product's sales have declined. Read Ed Christman's column. The Borders Group pushes to reduce music space in its stores since the product's sales have declined. ...

  19. Eisner Gets Disney Shareholder Support

    February 15, 2005 12:00 AM EST Walt Disney Co.'s board of directors, including chief executive Michael Eisner, were easily re-elected at an upbeat annual meeting on Feb. 11, a sharp turn from last year's widespread shareholder prot MINNEAPOLIS (Reuters) -- Walt Disney ...

  20. Borders To Cut Back On Music

    February 09, 2005 12:00 AM EST Although the Borders Group will hit its fiscal fourth-quarter company guidance by posting earnings per share in the range of $1.61-$1.62 on total sales of $1.37 million, the company said it was disapp Although the Borders Group will hit its fiscal ...

  21. Borders To Cut Back On Music

    February 09, 2005 12:00 AM EST Although the Borders Group will hit its fiscal fourth-quarter company guidance by posting earnings per share in the range of $1.61-$1.62 on total sales of $1.37 million, the company said it was disapp Although the Borders Group will hit its fiscal ...

  22. Sources: Baker & Taylor Adds Music Staffers

    March 23, 2004 12:00 AM EST The recently created Baker & Taylor music group has been beefing up its staff, sources say. The recently created Baker & Taylor music group has been beefing up its staff, sources say. Len Cosimano, formerly VP of multimedia at the Bord ...