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Borders Group Inc

BUSINESS
June 2, 1999 | From Associated Press
Before long, readers who can't find the book they want on the shelves at their local Borders bookstore may be able to get a custom-printed paperback copy in a matter of minutes. Borders Group Inc. said Tuesday that it had acquired a 19.9% stake in Atlanta-based Sprout Inc., a first step toward providing books on demand. Terms were not disclosed.
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BUSINESS
March 4, 2000 | From Bloomberg News
Borders Group Inc. said Friday that it hired Merrill Lynch & Co. for advice on ways to boost the book retailer's stock, which has fallen 70% in about two years. The No. 2 U.S. book chain is looking at such options as a leveraged buyout, a business combination with another company, or a recapitalization. The news sent Borders shares up $2.06, or 16%, to close at $14.94 on the New York Stock Exchange. The stock has tumbled from a peak of $39.
BUSINESS
November 17, 2000 | Bloomberg News and Reuters
Other earnings, excluding one-time gains or charges unless noted, include: * American Eagle Outfitters Inc.'s third-quarter profit grew 20% to $29.2 million, or 61 cents a share, well beyond the 54 cents analysts anticipated. The retailer's sales rose 27% to $282.8 million, led by strong demand for its branded denim, sweaters, knits and accessories. * Barnes & Noble Inc. reported a third-quarter net loss of 4 cents a share, excluding charges from its investment in Barnesandnoble.
BUSINESS
March 23, 2007 | From the Associated Press
A sluggish book market and intense competition from rivals such as Amazon.com and Costco Wholesale Corp. are forcing the nation's top two booksellers -- Barnes & Noble Inc. and Borders Group Inc. -- to rewrite the rules on the book business. Their challenges were revealed as both merchants reported disappointing fourth-quarter results Thursday.
BUSINESS
August 13, 1998 | From Bloomberg News
Federated Department Stores Inc., Nordstrom Inc. and Dillard's Inc., three leading department store operators, reported better-than-expected second-quarter earnings Wednesday, benefiting from cost-cutting and strong sales. Specialty retailer Intimate Brands Inc., which sells Victoria's Secret lingerie, also said its profit rose slightly more than expected.
BUSINESS
February 10, 1996 | CRAIG TURNER, TIMES STAFF WRITER
Under heavy pressure from the Canadian publishing industry, government officials have blocked the U.S. bookselling giant Borders Group Inc. from opening stores in Canada, it was disclosed Friday. Borders was to launch its Canadian affiliate later this year with a 50,000-square-foot superstore in Toronto's most exclusive shopping district. However, regulators in the Industry Ministry ruled that Borders had failed to meet Canadian ownership regulations for book retailers.
BUSINESS
November 13, 1998 | From Times Wire Services
Dell Computer Corp. said Thursday that its fiscal third-quarter profit rose 55% to $384 million, or 28 cents a share, as sales climbed 51%, somewhat less than some forecasts for the highflying personal computer maker. Separately, Borders Group Inc., the nation's second-largest bookseller, reported a fiscal third-quarter loss that matched estimates and said it hired a new chief executive. Other retailers reported strong gains for the latest quarter. Profit at Round Rock, Texas-based Dell, the No.
BUSINESS
October 3, 2000 | JAMES PELTZ and MICHAEL HILTZIK
Alcatel (ALA) Jim: Buy Mike: Buy * Mike: Alcatel is the second-largest French company in terms of market capitalization, Jim, and here's this week's puzzler: Can you identify any other French enterprise of such size? Jim: Uh . . . Mike: I thought not. Jim: Actually, this is the first French stock we've done, no? Mike: Well, most Americans probably don't think of the French as global industrial leaders. Jim: Let's just say it's a good thing Alcatel doesn't make cars.
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