Borders Group

  1. Borders End to Have Ripple Effect Across Country

    July 20, 2011 7:02 AM EDT NEW YORK (AP) - What happens when a pioneer like Borders goes out of business? Depends on who you ask. A day after the bankrupt Ann Arbor, Mich.-based chain said it would seek court approval to sell off its assets and shutter its remaining 399 sto ...

  2. 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 ...

  3. Liberty Media Offers $1 Billion for Barnes & Noble

    May 20, 2011 7:54 AM EDT NEW YORK (Reuters) - John Malone's Liberty Media Corp has proposed to buy Barnes & Noble Inc for $1.02 billion, nine months after the largest U.S. bookstore chain put itself up for sale. Liberty Media is offering $17 per share, a 20.5 per ...

  4. 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 ...

  5. 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 ...

  6. Business Matters: For Sale: Barely Used Social Networking Site

    February 03, 2011 1:00 PM EST For Sale: Barely Used Social Networking Site -- News Corp. is ready to sell struggling social network Myspace, chief operating officer Chase Carey said in Tuesday's earnings call. Less than a month after Myspace laid off 500 staffers, Carey s ...

  7. Christmas Sales Decisive For Nation's Two Largest Booksellers

    December 17, 2010 12:00 AM EST The two largest U.S. bookstore chains have offered up a compelling cliffhanger this holiday season that will seal the fate of brick-and-mortar bookselling. In the latest chapter, Barnes & Noble Inc has put itself up for sale, while Borders Gro ...

  8. Second Wave Of Job Cuts At Borders Inc

    March 09, 2010 12:00 AM EST Borders Inc has made a second round of job cuts, following the redundancies in which 164 positions were culled at the end of January. Publishers Weekly is reporting that employees of the retailer have dubbed the day on which last week's wave ...

  9. Borders U.S. Shareholder: Bankruptcy Not Likely

    February 04, 2010 12:00 AM EST William Ackerman, CEO of hedge fund Pershing Square Capital, has said Borders U.S. is not a "likely bankruptcy." Ackerman, whose company is Borders U.S.' largest shareholder, also told CNBC's "Fast Money" show that he ...

  10. Amazon Denies Plan To Open Bricks-And-Mortar Stores

    December 07, 2009 12:00 AM EST Amazon has denied reports that it has embarked on a "secret search for bricks-and-mortar stores" in the U.K., in what was thought to be a move to pick up on customer demand for "click and collect" services. The original report, ...

  11. Australasian Borders Owner Plans New Store Concept

    November 17, 2009 12:00 AM EST The Australasian owner of Borders' Asia Pacific operations is looking at a new store concept that will bring together music and DVD with books and stationery. REDgroup Retail - which also owns book chain Australian book chain Angus & Robe ...

  12. Business Matters: The Pirate Bay, Borders, Fillmore Silver Springs, Social Network Maintenance

    August 25, 2009 12:00 AM EDT Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- The Global Gaming Factory story gets weirder by the minute. In an interview with the Globe and Mail, GGF CEO Hans Pandeya laid out a possible P ...

  13. 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 ...

  14. Borders Names Chairman

    January 13, 2009 12:00 AM EST Borders Group Inc said on Tuesday that Richard "Mick" McGuire, an outgoing partner at Pershing Square Capital Management, will become non-executive chairman at the bookseller, sparking a jump in its shares. The appointment is the latest ...

  15. Borders' Q3 Loss Widens

    November 26, 2008 12:00 AM EST Borders Group Inc. on Tuesday (Nov. 25) reported a widening loss for the third quarter and said it is no longer for sale. Its stock plummeted more than 50 percent in after-hours trading. The Ann Arbor, Mich.-based bookseller has been in the midst ...

  16. Circuit City Files For Bankruptcy Protection

    November 10, 2008 12:00 AM EST Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday (Nov. 10) but plans to stay open for business as the busy holiday shopping season approaches. It filed under Chapter 11 of t ...

  17. Borders, Anuna Partner For Exclusive Album Release

    October 20, 2008 12:00 AM EDT Irish vocal group Anuna and Borders are teaming up once again for an exclusive album, available only at the chain's stores, in a strategy that delivered the group's best-selling U.S. title last time around. Beginning Oct. 21, Anuna' ...

  18. Borders Net Income Hits $64M In Q4

    March 20, 2008 12:00 AM EDT Borders posted net income of $64.7 million, or $1.10 per diluted share, on $1.35 billion in revenue, for the fourth quarter ended Feb. 2. That compares with a $73.6 million loss, or $1.22 per share, on $1.37 billion in revenues in the same quarter ...

  19. Borders, Whitcoulls End Talks On Aus Deal

    March 14, 2008 12:00 AM EDT Borders' Australasian operations are back in play, following the collapse of a deal with A & R Whitcoulls. In an announcement to the New Zealand Stock Exchange, the retail group stated that negotiations had ceased and that a transaction b ...

  20. New Borders Stores Embrace Digital Music

    February 15, 2008 12:00 AM EST Bookseller Borders Group Inc unveiled a new concept this week -- a store where shoppers can mix and burn CDs, explore their genealogies and even publish their own novels. The nation's No. 2 bookseller plans to open 14 of these stores this yea ...

  21. 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 ...

  22. 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 ...

  23. Borders Wants Out Of U.K., Int'l Biz

    March 23, 2007 12:00 AM EDT Books and entertainment giant Borders Group has signalled its plans to exit the U.K. and international retail business. In a statement outlining its "strategic plan," Ann Arbor, Mich.-based Borders Group Inc explained Thursday that it wa ...

  24. Borders Moves Into Ireland

    October 20, 2006 12:00 AM EDT Superstore outlet opens Oct. 27. Borders Group Inc., the music, books and movie retailer, is to open its first superstore outlet in the Republic of Ireland on Oct. 27. The 22,000-square-feet superstore, in the suburb of Blanchardstown, near the ce ...

  25. 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 ...

  26. 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 ...

  27. 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. ...

  28. 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. ...

  29. 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. ...

  30. 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 ...

  31. 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 ...

  32. 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 ...