bookstores

    By David Schepp

    | 5:50AM 8/24/2010
    Here's news from the business world and other money matters to watch out for Tuesday (last updated at 8:03 a.m. Eastern time): Bond-Yields Point To Economic Growth: The current slowdown in the economic recovery has some analysts predicting a second downturn, also known as a double-dip recession....

    By Sarah Weinman

    | 7:00PM 8/23/2010
    In a tumultuous year, book retailer Borders is dealing with another bump: It's chief financial officer, Mark Bierley, has resigned "to pursue another employment opportunity" -- nine days before the company is scheduled to post quarterly earnings.

    By Sarah Weinman

    | 12:25PM 8/20/2010
    For investors, Books-A-Million stands out for its stability in a turbulent industry. The bookseller reported that second-quarter profits climbed to $1.9 million, although its sales fell.

    By Sarah Weinman

    | 9:00PM 8/03/2010
    Think struggling book retailer Borders finished with layoffs in 2010? With four rounds of layoffs so far this year and no new ideas for a turnaround, don't be surprised if co-CEO Bennett Lebow pulls out his old 1980s playbook and makes a bid for, say, Barnes & Noble.

    By Sarah Weinman

    | 8:21PM 8/03/2010
    Apart from the many strategic issues that have weighed down Barnes & Noble's stock price, there's another good reason for the company to put itself up for sale: An effort to liberate itself from the manipulations of investor Ron Burkle.

    By Andrea Hermitt

    | 10:00AM 7/26/2010
    A Fortune Magazine article warns that universities should hate the iPad as it will infringe on profits in the campus store. The University of California, San Diego, is going the other way. Its campus store stocks not only textbooks and collegiate gear, but runs a green grocer, a convenience store,...

    By Sarah Weinman

    | 12:15PM 5/21/2010
    Financier Bennett LeBow will become Borders' chairman and biggest shareholder with his $25 million investment in the struggling bookseller. The deal needs shareholder approval, and it's likely to get the nod.

    By Sarah Weinman

    | 12:03PM 4/02/2010
    This is a wild time to be in the book biz -- change is coming fast, and everyone is struggling to adapt. But in its quest to evolve and survive, the country's third-largest bookstore chain is trying something completely offbeat: It's buying a stake in a tiny self-serve frozen yogurt chain.

    By Sarah Weinman

    | 8:50AM 3/18/2010
    CEO Steve Riggio is stepping down, though he'll remain vice chairman and stay "actively involved." Taking over as CEO is William Lynch, who has been leading B&N's e-commerce efforts. And Mitchell Kipper will become CEO of B&N's retail group.

    By Sarah Weinman

    | 1:40PM 1/21/2010
    Days after reporting dismal holiday earnings, Borders Group is reportedly paying only some of the publishers it does business with, and the ones losing out are in the process of taking legal action.