November 30, 1994 |
Kmart to Revamp Borders, Walden Subsidiaries: Kmart Corp. launched a restructuring of its Borders Inc. and Walden Book Co. units, streamlining the bookstore operations to make them more attractive in a planned public stock sale next year. Under the plan, Kmart will create a new corporate unit, Borders Group Inc., to manage Borders, Waldenbooks and Planet Music Inc. The new company will be based in Borders' current offices in Ann Arbor, Mich., and Walden's Stamford, Conn.
August 17, 1994 |
Rebuffed by shareholders the first time around, embattled Kmart announced Tuesday that it will spin off its book, office supply and sporting goods chains to raise money for the expansion and modernization of its more than 2,000 discount stores. Analysts said the sale of 51% of Kmart's OfficeMax, Sports Authority and Borders-Waldenbooks subsidiaries could raise as much as $3 billion. Kmart's board, meeting at its Troy, Mich.
March 3, 1990 |
The nation's biggest bookstore chains--Waldenbooks and B. Dalton--are trying everything from home delivery to opening up tony stores in the face of sluggish sales. The quest for more customers continues next week when the two national rivals launch membership card programs that reward frequent customers with discounts, coupons and special newsletters. "We want to set ourselves apart," said Ron Jaffe, senior marketing director at the 1,300-store Waldenbooks chain, which is owned by K mart Corp.
CALIFORNIA | LOCAL
March 2, 1989 |
The FBI on Wednesday entered the investigation of two Berkeley bookstore firebombings that authorities said may have been prompted by Muslim outrage over Salman Rushdie's novel, "The Satanic Verses." An FBI spokesman in San Francisco said the agency stepped in on the grounds that the attacks violated the Hobbs Act, a federal law prohibiting violence or threats against interstate commerce.
February 24, 1989 |
The decision last week by the nation's two biggest bookstore chains to pull Salman Rushdie's "The Satanic Verses" from their shelves has brought a new outpouring of complaints about the chains' tremendous influence on how widely books are distributed and even which ones get published. On Wednesday, the B. Dalton-Barnes & Noble chain reversed its position not to sell the novel, and Waldenbooks has promised to resume selling the book from its stockroom when new copies arrive from the publisher.
February 20, 1989 |
When the first bomb threat came two weeks before Christmas, many employees here at Viking Penguin dismissed it as a prank. It seemed improbable that Islamic protests over Salman Rushdie's new novel "The Satanic Verses" would suddenly threaten the safety of a respected American publishing house. "Nobody seemed worried that we had published this book," said a senior editor. "I remember taking some of my staff across the street for a drink while police cleared out the building.