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If you want John Updike or Janet Jackson to go with your java, Borders could be for you. The #2 US bookstore operator (after Barnes & Noble), Borders Group runs about 400 Borders superstores in about 45 states and Puerto Rico, as well as roughly 175 small-format shops under the Waldenbooks, Borders Express, and Borders Outlet banners. Borders superstores offer up to 170,000 book, music, and movie titles, and most feature Seattle's Best Coffee shops (thanks to a licensing agreement with owner Starbucks). The company also peddles products via its website. Faced with declining sales and mounting debts, Borders filed for bankruptcy in early 2011. Unable to find a buyer, the chain is going out of business.
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| | | Contact Information | |
Address: |
100 Phoenix Dr.
Ann Arbor, MI 48108
| | Phone: | 734-477-1100 | | Fax: | 734-477-1285 |
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| Financial
Highlights | | Fiscal Year End: | January | | Revenue (2011): | 2274.90 M | | Revenue Growth (1 yr): | (-19.40%) | | Employees (2011): | 16,400 | | Employee Growth (1 yr): | (-20.40%) |
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Key People
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Chairman and CEO:
Bennett S. LeBow
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President; President and CEO, Borders, Inc.:
Michael J. (Mike) Edwards
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EVP and CFO:
Scott D. Henry
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