Borders Books & Music

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borders books & music - All News and Analysis

• Conflict of interest setback to Borders administration

  BNET - 2009-11-26

  25 November, 2009 | Updated: 26 November, 2009 1:40 pm | By Lisa Berwin, George MacDonald Updated: The administration of bookseller Borders has been delayed after it emerged there was a conflict of interest on the part of proposed administrator BDO. The retailer, which filed notice of intent to appoint...

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• Borders Enters Administration

  ReutersUK - 2009-11-25

  LONDON (Reuters UK) - Bookseller Borders UK has entered administration, becoming the latest high street victim of recession.Late Wednesday, the firm owned by Valco Capital Partners, the private equity arm of restructuring specialist Hilco, appointed BDO LLP as administrator, according to court documents seen by Reuters.Borders, which trades from 45...

  Tags: Restructuring, Administration, Borders Books & Music, Workforce Management, Internet, Human Resources, Oukbs

• Borders UK administration imminent

  BNET - 2009-11-25

  25 November, 2009 | By Lisa Berwin Borders UK is understood to be close to administration after the failure of attempts to sell the business. Sources close to the situation told Retail Week that the bookseller is teetering on the brink of collapse and could be put into administration as...

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• EReaders, price war weigh on Barnes, Borders

  BNET - 2009-11-24

  By Phil Wahba NEW YORK (Reuters) - Top U.S. booksellers Barnes & Noble Inc (BKS.N) and Borders Group Inc (BGP.N) will pay a price for coming late to market with electronic book readers, analysts said. Barnes & Noble cut its full-year earnings forecast on Tuesday on expectations of a tough...

  Tags: e-book, Amazon.com Inc., Barnes & Noble Inc., Borders Books & Music

• Borders Group Inc. Q3 2009 Earnings Call Transcript

  Seeking Alpha - 2009-11-24

  Question-and-Answer SessionOperator Operator Instructions Your first question comes from Matt Fassler - Goldman Sachs. Matt Fassler - Goldman Sachs I just want to inquire about inventory and your in-stock position for the fourth quarter. Obviously, you’ve had some transition in your stores over the past quarter or two. Can...

  Tags: Goldman Sachs Group Inc., Borders Group Inc., Call Transcript, Quarter, Earnings, Sales Strategy, Sales Force Management, Sales, Seeking Alpha, Borders Books & Music

• Pershing's Ackman Takes Activist Stake in Landry's Restaurants

  Seeking Alpha - 2009-11-23

  Market Folly submits: Bill Ackman's hedge fund firm Pershing Square Capital Management, along with Richard McGuire, chairman of Borders Group BGP, has filed a 13D filing with the SEC disclosing a 9.9% ownership stake in Landry's Restaurants LNY. The filing was made originally due to activity on November 3rd, 2009....

  Tags: US Market, Retail, Market Folly, Borders Books & Music, Landry's Restaurants Inc.

• Borders on the Verge of Bankruptcy

  Seeking Alpha - 2009-11-23

  Edward Harrison submits: After British chain WHSmith backed out of a deal with Borders BGP, the U.S. megastore bookseller is desperately looking to stave off bankruptcy and Chapter 7 liquidation. I love Borders and have been an avid shopper at countless Borders stores near where I have lived...

  Tags: Retail, Edward Harrison, Borders Books & Music

• Homeland Security Still Plans To Search Laptops At Borders With No Probable Cause

  BNET - 2009-08-28

  Tags: laptop computer

• Borders Group, Inc. Q2 2009 Earnings Call Transcript

  Seeking Alpha - 2009-08-25

  Borders Group, Inc. BGP Q2 2009 Earnings Call August 25, 2009 10:00 am ET

  Tags: Retail, Borders Books & Music

• Borders Group, Inc. Q2 2009 Earnings Call Transcript

  Seeking Alpha - 2009-08-25

  Question-and-Answer SessionOperator Operator Instructions Your first question comes from Matthew Fassler – Goldman Sachs. Matthew Fassler – Goldman Sachs Where did the inventory write downs associated with the multi-media clearance show up on the P&L? Mark Bierley There would have been minor charges in promotional discounts. A lot of...

  Tags: Goldman Sachs Group Inc., Borders Group Inc., Inventory, Call Transcript, Earnings, Financial Accounting, Strategy, Finance, Management, Seeking Alpha, Borders Books & Music