Borders Group News

Borders sells Sony e-readers at its super stores. Photo courtesy of Sony Ann Arbor-based Borders Group Inc.

Borders UK has gone into administration, putting 1,150 jobs at risk, MCR, the insolvency and restructuring firm, confirmed today.

Top U.S. booksellers Barnes & Noble Inc and Borders Group Inc will pay a price for coming late to market with electronic book readers, analysts said.

Retail stocks were mixed on Tuesday after retailers Zale Corp. and Dollar Tree Inc.

Several stocks trading near $5 were moving on above-average volume during Tuesday's session.

Barnes & Noble Inc. and Borders Group Inc., the nation's two largest brick-and-mortar book sellers, both posted quarterly losses Thursday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening.

Ahead of the open this morning, Borders Group Inc. narrowed its third-quarter loss to 63 cents per share from $2.90 per share last year.

Bill Ackman's hedge fund firm Pershing Square Capital Management, along with Richard McGuire, chairman of Borders Group , has filed a 13D filing with the SEC disclosing a 9.9% ownership stake in Landry's Restaurants .

The two bookstores at Upper Valley Mall - Waldenbooks and B. Dalton - are slated to close in early 2010, according to the parent companies of both shops.

The Waldenbooks in the Ashland Town Center is expected to be among 200 stores closed by Borders Group Inc.

Expressly Local, a grocery store specializing in a variety of local products, opened Oct.

Two bookstores owned by Borders Group Inc. in Vermont will likely be closed, but the two in Chittenden County are slated to survive.

Borders Group Inc. will close all but two of its South Carolina bookstores in January, including one in Haywood Mall.

Ann Arbor ,A Mich. Borders Group announced it will close more of its small-format Waldenbooks stores in January as it focuses on its more profitable superstores.

Borders Group Inc., the second-largest U.S. bookstore chain, said Thursday it would shutter more of its small-format Waldenbooks stores in January as it focuses on its more profitable superstores.

Borders Group plans to close 200 Waldenbooks stores in January, including the location at Southridge Mall in Greendale.

Borders Group Inc. will close nearly 200 Waldenbooks mall stores in January. Waldenbooks in University Mall in Tampa and in Lakeland Square in Lakeland are on a list of stores slated to close, although Borders said in a release that the list is not final and subject to change.

Borders Group Inc. said yesterday that it would close 200 of its Waldenbooks and Borders Express stores, including the stores at Hanes Mall in Winston-Salem and at Four Seasons Town Centre in Greensboro.

Ann Arbor-based bookseller Borders Group Inc. plans to close eight Waldenbooks stores in Michigan in January as part of a plan to shutter 200 locations nationwide and eliminate 1,500 jobs.

Ah, the holiday season. Peace on earth, goodwill toward men. And behind the scenes in the retail world, brutal, no-holds-barred competition, with heavyweight contender Wal-Mart Stores out to utterly brutalize its rivals.