March 23, 2007 |
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.
August 13, 1998 |
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.
November 13, 1998 |
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 high-flying 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 Dell, the No.
February 10, 1996 |
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.
October 3, 2000 |
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.
November 6, 2009 |
Borders Group Inc. says it will close 200 Waldenbooks stores and cut 1,500 jobs in January to make the chain smaller and more profitable. Borders, based in Ann Arbor, Mich., said the closings would leave about 130 Waldenbooks stores still in business. The company says the closures will not affect any Borders superstores or any of its mall kiosks, including 500 Day by Day Calendar Co. spots and other mall-based stores.