Mike Edwards

Borders: Getting Closer to the Bookseller's Final Chapter

The country's second-largest book retailer had been counting on a Christmas miracle to rescue it from deep financial doldrums. But the holiday season played Scrooge instead. Now, confronting a liquidity shortfall, a bankruptcy seems more likely than ever.

Borders' New 'Low Price Promise' Fades in the Fine Print

Borders, the nation's second-largest bookstore chain, has struggled for years due to competition from both fellow bricks-and-mortar outlets and online booksellers. It's latest move to combat that is an offer to match the competition's prices -- but the program's limits doom it failure.

Borders Will Pop Up Temporary Shops for the Holidays

Borders, the nation's second-largest book retailer, is trying a new tactic to gain a much-needed sales boost heading into the end of year shopping season: It's opening 25 "pop-up" shops meant to last only for the holidays, the company announced Tuesday.

More Bad News for Borders With 2Q Earnings

For the quarter ending July 31, overall sales dropped 11.5% from a year ago to $526 million, continuing a downward spiral that's seen revenues over this time decline year-on-year from $945 million in 2007 to $749 million in 2008 to $617 million in 2009.

Borders Drops e-Reader Prices, Gets Bears

Faced with tumbling book sales, Border's, the country's 2nd largest bookstore chain, will begin selling stuffed animal kits from Build-A-Bear Workshop in its stores. It also plans to cut prices of its e-reading devices.

As Layoffs Loom, Borders Group CEO Hits the Exit

Borders CEO Ron Marshall is leaving the company to become CEO of the supermarket chain A&P. Marshall leaves after less than a year at the company, which just posted poor holiday earnings and is facing substantial layoffs.