Barnes & Noble

BUSINESS
4:26 pm
Thu December 9, 2010

Borders Books posts big 3rd quarter loss

Even the fixtures within the new Borders Concept Store in Ann Arbor, Mich. have been redesigned to encourage customer exploration. Curved tables in the front of the store allow customers to move easily through the selection of spotlighted books.
(courtesy of Borders Group/photo credit: Laszlo Regos)

Borders Books reported the company lost $74 million dollars in the 3rd quarter. That's about twice as much as Borders lost in the 3rd quarter of 2009. The Ann Arbor based book seller continues to struggle in a competitive market.

In a written statement, Borders Group CEO Mike Edwards conceded his company's struggles:

BUSINESS
2:12 pm
Mon December 6, 2010

Borders buying Barnes & Noble? "Bonkers"

Border's shareholders making a quixotic move?
Ildar Sagdejev creative commons

Update: 2:12pm:

Since we posted this story we found this analysis piece by Sarah Weinman of Daily Finance News. She also calls the notion that Borders Books could buy Barnes & Noble a story that has "entertainment value" not much more. Weinman says of Borders Books:

"If a merger was its plan for saving itself, expect B&N's rejection of the deal to accelerate its downward spiral -- an end that, sadly for the publishing industry, is likely to come sooner rather than later."

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