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Industry Center - Music & Video Stores
Industry Center > Music & Video Stores > Waldenbooks Specialty Retail Stores Company Profile
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Waldenbooks Specialty Retail Stores Company Profile
Waldenbooks Specialty Retail Stores targets mall shoppers through some 170 Waldenbooks, Borders Express, and Borders Outlet storefronts in about 40 states and the District of Columbia. Although most of its stores are located in shopping malls, Waldenbooks Specialty Retail steps up its efforts during the retail high seasons, using venues such as mall kiosks to peddle gifts. It also operates Borders-branded bookstores at airports. The business segment generates nearly 15% of sales for parent Borders Group, which has dramatically shrunken the size of the Waldenbooks chain. Hampered by decreased sales and a growing debt load, Borders filed for bankruptcy in early 2011 and is closing all of its stores.
Contact Information
Address: 100 Phoenix Dr.
Ann Arbor, MI 48108-2202
Financial Highlights
Fiscal Year End:January
Key People
President, Borders Group and President and CEO, Borders, Inc: Michael J. (Mike) Edwards
EVP and CFO, Borders Group: Scott D. Henry
SVP and CIO, Borders Group: Scott Laverty
Industry Information
Sector: Services
Industry: Music & Video Stores
Top Competitors
Barnes & Noble, Inc. (bks)
Books-A-Million, Inc. (bamm)
Hastings Entertainment, Inc. (hast)

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