BNET Industries
Borders Books & Music (BGP) is in the Retail Industry
- Revenue
- Feb 02 2008
- $3.8B
- Profit
- Feb 02 2008
- ($157.4M)
- Market Cap
- May 08 2008
- $349.0M
Latest News and Analysis
5 Things Borders Is Finally Learning
Borders had a tough fourth quarter, announcing a 14.2 percent decline in music sales, flat book sales and the chain's towering $554 million debt looming over all. And now they're "exploring strategic alternatives," never a good sign. You might blame the standard "Americans don't read" whinge, but...
Retirement Plans Across Borders: The Case for Pan Asia-Pacific Pensions
For a typical multinational company, providing retirement benefits to employees in the Asia-Pacific region presents several challenges. These include the sourcing of appropriate products, governance risks associated with centralized HR and finance functions, integration with statutory retirement benefit requirements, and issues relating to mobile employees. A centralized plan covering employees...
Extending the Borders of Accident Investigation: Applying Novel Analysis Techniques to the Loss of the Brazilian Space Programme's Launch Vehicle VLS-1 V03
There has been a rapid increase in the complexity and integration of many safety-critical systems. In consequence, it is becoming increasingly difficult to identify the causes of incidents and accidents back through the complex interactions that lead up to an adverse event. At the same time, there is a growing...
Technology Without Borders: Case Studies of Successful Technology Transfer
This document presents case studies of successful transfer of climate-friendly technology and practices. It explores the causes for success and draws the lessons learned. Key messages are presented for the fight against climate destabilization. The terms "climate-friendly technology" and "climate technology" used here refer to technologies, practices or techniques, which...
Life Insurance and the Internet: A Glimpse Across the Borders - An Update
Developments in the Internet are so fast that it is said that an Internet year only lasts three months. Munich Re published a report in 1997 about how life insurers in different parts of the world are using the Internet to communicate with existing and potential customers. This update explores...
Additional Resources
Borders' Concept Stores to open in National City, California and Panama City Beach, Florida
M2 BEST BOOKS-(C)2000-2008 M2 COMMUNICATIONS LTD Borders Inc, a subsidiary of Borders Group Inc (NYSE:BGP), a global retailer of books, music, movies, periodicals and gift and stationery items, reported on 2 May that it has opened two new Concept Stores in National City, California and Panama City Beach,...
Sue Dasse Joins Hastings Entertainment Management Team as Vice President of Stores
AMARILLO, Texas, May 2 /PRNewswire-FirstCall/ -- Hastings Entertainment, Inc. , a leading multimedia entertainment retailer, is pleased to announce that Sue Dasse will join the Company as Vice President of Stores, effective May 19, 2008. Ms. Dasse previously served as Vice President of Store Operations, Waldenbooks and later...
Free download of Star Wars book to be offered by Del Rey
TELECOMWORLDWIRE-29 April 2008-Free download of Star Wars book to be offered by Del Rey(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com In a new promotional offer Del Rey, the science fiction and fantasy division of Random House, has announced that it is to offer Book One in the Star Wars series,...
Free download of Star Wars book to be offered by Del Rey
INTERNET BUSINESS NEWS-(C)1995-2008 M2 COMMUNICATIONS LTD In a new promotional offer Del Rey, the science fiction and fantasy division of Random House, has announced that it is to offer Book One in the Star Wars series, Star Wars: Legacy of the Force: Betrayal, as a free downloadable PDF,...
Free download of Star Wars book to be offered by Del Rey
M2 BEST BOOKS-(C)2000-2008 M2 COMMUNICATIONS LTD In a new promotional offer Del Rey, the science fiction and fantasy division of Random House, has announced that it is to offer Book One in the Star Wars series, Star Wars: Legacy of the Force: Betrayal, as a free downloadable PDF,...
Borders® Names Employee Fiction Writing Contest Winner
ANN ARBOR, Mich., April 24 /PRNewswire/ -- Borders Group, Inc. has selected Ralph Ashworth, a supervisor at a Borders store in Tarentum, Penn., as the winner of the retailer's fiction writing contest open to its 30,000 employees at Borders, Waldenbooks and Borders Express stores, the distribution centers and the...
Borders® To Open Second U.S. Stand-Alone Paperchase Shop in Glendale, Calif
ANN ARBOR, Mich., April 24 /PRNewswire-FirstCall/ -- Borders, Inc. will open its second stand-alone Paperchase shop in the U.S. May 2 at The Americana at Brand, a singular shopping, dining entertainment and luxury living destination, in Glendale, Calif. Paperchase is the London-based retail brand leader in design-led and...
Borders Group Announces Annual Meeting of Shareholders
ANN ARBOR, Mich., April 21 /PRNewswire-FirstCall/ -- Borders Group, Inc. announced today that it will hold its annual meeting of shareholders Thursday, May 22, 2008 at 11:30 a.m. Eastern at The Ritz-Carlton, 300 Town Center Drive, Dearborn, Mich. 48126. The record date for determination of shareholders entitled to...
Romance Writers of America Honors Sue Grimshaw, Borders Group Romance Buyer, with Major Industry Award
RWA Also Recognizes Dianne Defonce of Borders Fairfield, CT with Bookseller of the Year Award ANN ARBOR, Mich., April 10 /PRNewswire/ -- Sue Grimshaw, who has been the Romance book buyer for Borders Group, Inc. for the past seven years, has received the prestigious Vivian Stephens Industry...
Borders Group Closes Pershing Square Financing Agreement
ANN ARBOR, Mich., April 9 /PRNewswire-FirstCall/ -- Borders Group, Inc. today announced that it has closed on the revised financing agreement with Pershing Square Capital Management, L.P. that was announced in the company's April 7, 2008 news release. The agreement includes a $42.5 million senior secured term loan,...
Borders Group Finalizes Improved Financing Agreement with Pershing Square
ANN ARBOR, Mich., April 7, 2008 /PRNewswire-FirstCall/ -- Borders Group, Inc. today announced that it has finalized a revised financing agreement with Pershing Square Capital Management, L.P. The agreement features terms that are more advantageous to Borders Group than Pershing Square's original financing commitment described in the...
Borders Group Delays Filing of 10-K as Alternative Financing Proposals are Evaluated
ANN ARBOR, Mich., April 2, 2008 /PRNewswire-FirstCall/ -- Borders Group, Inc. today announced that it is delaying the filing of its Annual Report on Form 10-K for fiscal year 2007, ended February 2, 2008. The company expects to make the filing on or before April 17 after it...
Borders sale won't affect St. Charles Avenue site in N.O.
Borders won't close the book on plans to open a store on St. Charles Avenue even if company operations are sold, according to the Ann Arbor, Mich., bookseller. "We are moving forward and proceeding with construction" on the 24,000-square-foot New Orleans store at the former Bultman Funeral...
Borders sale won't affect St. Charles Avenue site in N.O.
Borders sale won't affect St. Charles Avenue site Borders won't close the book on plans to open a store on St. Charles Avenue even if company operations are sold, according to the Ann Arbor, Mich., bookseller. "We are moving forward and proceeding with construction"...
Borders Group Inc. Review in Progress.
M2 PRESSWIRE-28 March 2008-The Maybach Review: Borders Group Inc. Review in Progress(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:28032008 MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Investors wanting to know the truth about investing...
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- Incorporated: 1994
- CEO: Mr. George L. Jones
Borders Group through its subsidiaries, Borders, Inc. (Borders), Walden Book Company, Inc. (Waldenbooks), Borders Australia Pty. Limited and others, is an operator of book, music and movie superstores. Co. is also an operator of mall-based bookstores. As of Feb 2 2008, Co. operated 541 superstores under the Borders name, including 509 in the U.S., 22 in Australia, five in New Zealand, three in Puerto Rico, and two in Singapore. Co. also operated 490 mall-based and other bookstores including stores operated under the Waldenbooks, Borders Express and Borders Outlet names, as well as Borders-branded airport stores.
Key Competitors
Borders Books & Music Company Info
Board of Directors
Mr. Lawrence I. Pollock
Non-Executive Chairman
Mr. Michael Weiss
Mr. Michael G. Archbold CPA
Mr. Richard McGuire
Mr. Donald G. Campbell
Mr. Joel J. Cohen
Ms. Amy B. Lane
Mr. Brian T. Light
Mr. Victor L. Lund
Dr. Edna Greene Medford Ph.D.
Contact Information
100 Phoenix Drive
Ann Arbor, MI
http://www.bordersgroupinc.com
734 477-1100