June 2, 1999 |
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.
March 4, 2000 |
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.
July 18, 2007 |
"Tintin in the Congo," an illustrated work removed from the children's section of Borders Group Inc., stores in Britain because of allegations of racism, will get the same treatment by the superstore chain in the United States. "Borders is committed to carrying a wide range of materials and supporting our customers' right to choose what to read and what to buy.
April 10, 2001 |
Barnes & Noble Inc. and Borders Group Inc. made illegal, secret arrangements with publishers and book wholesalers to get discounts, a lawyer for independent bookstore owners said Monday, kicking off their antitrust trial against the two leading U.S. book chains. The American Booksellers Assn. and 26 independent bookstore owners sued in March 1998, saying they've lost sales because their larger competitors are misusing market clout.
November 17, 2000 |
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.
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.
June 14, 2005 |
A little-noticed appellate court ruling against Borders Group Inc. sets a precedent that could enable California to force some major Internet retailers to start paying the state sales tax for books, music and other goods sold online to state residents, analysts said Monday. Whether California tax collectors use the precedent to go after not only Borders but also Barnes & Noble Inc., Amazon.com and other online retailers remains to be seen.
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.