books a million

Another holiday season, another spate of dismal earnings for bookstore chain Borders. And despite changes at the top and new initiatives implemented over the last year to keep the retailer afloat, it's looking like those fixes came in too little, too late.

With the holidays behind us, and customers redeeming their gift cards, big-box bookstores are taking stock of how they fared, compared with the overall positive holiday retail sales picture. Things were bad for Barnes & Noble big-box and Books-a-Million midsize stores.