April 13, 1999 |
Borders Group Inc., the No. 2 U.S. bookseller, plans to concentrate on opening retail stores to boost sales rather than focusing on its Internet business to compete with more successful online booksellers, its vice chairman said. Borders, which operates about 1,200 Borders, Waldenbooks and Brentanos stores, plans to add about 45 U.S. superstores this year, bringing its total to 290.
April 8, 1999 |
Borders Group Inc., the No. 2 bookstore chain criticized by Wall Street for its modest Internet showing and sluggish retail sales, said Wednesday that it will boost its shopping mall presence by buying a seller of toys and novelties at kiosks. All Wound Up will retain its name and be operated as a unit of Borders' Waldenbooks, which has 600 seasonal mall kiosks.
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.
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.
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.
June 20, 1995 |
Book retailer Borders Group Inc. said Monday that it is cooperating with a Justice Department antitrust inquiry into the closure of mall bookstores by its Waldenbooks chain. Rick Vanzura, Borders' vice president of group planning and resource management, said the Justice Department has sought information on whether the company has held any talks about mall closures with its archrival, B. Dalton Bookseller, a unit of Barnes & Noble Inc.