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A collection of news and information related to Borders Group Incorporated (MI) published by this site and its partners.
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Borders gift card holders deserve nothing, judge rules
Reuters* About 17.7 million cards outstanding when chain closed * Tens of millions of dollars of potential claims rejected By Jonathan Stempel May 22 (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by...Tags: Financially Distressed Companies, Barnes & Noble, Inc., Bankruptcy, Manhattan (New York City), Judges
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Barnes & Noble Chairman Riggio plans retail bookstore buyout
Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...
Tags: Dell Inc., U.S. Securities and Exchange Commission, The Wall Street Journal, Barnes & Noble, Richard Schulze
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Barnes & Noble says holiday sales disappointing, Nook has new investor
Bookstore chain Barnes & Noble said Friday its holiday sales look disappointing and that publisher Pearson Plc took a 5% stake in its Nook e-reader business. In a regulatory filing, the New York company said early reports indicate its holiday sales fell...
Tags: Financially Distressed Companies, Bankruptcy, Books and Magazines, Books, Barnes & Noble
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Another indication that bookstores are returning to boutique status
Change of SubjectNews:Barnes & Noble plans to cut stores by about 30% in decade Barnes & Noble Inc. expects to shut down as many as a third of its retail stores over the next decade...."In 10 years we'll have 450 to 500...... -
A third of Barnes & Noble stores may close in next decade, report says
Barnes & Noble will shut up to a third of its brick-and-mortar bookstores over the next decade as reading habits change and digital publications evolve, according to a new report. The chain will end up with 450 to 500 stores in 10 years, down from the...
Tags: Financially Distressed Companies, Real Estate Sellers, The Wall Street Journal, Bankruptcy, Barnes & Noble
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New owners ready to take over Ivy Bookshop
Don't call the Ivy Bookshop's new owners New Yorkers.
Sure, Ed Berlin and his wife Ann have lived in the orbit of Manhattan for more than three decades, working in corporate careers. But they insist they love Baltimore — Ed was raised in Forest...Tags: Target, Literature, Citigroup Incorporated, Google Inc., Books and Magazines
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Barnes & Noble's Nook news: good, surprising
Jacket CopyBarnes & Noble's Nook sold big over the holidays. So why does it want to unload the business?... -
Borders' flagship Ann Arbor store closing Monday
ANN ARBOR (AP) — Borders' flagship store in downtown Ann Arbor is expected to close Monday as the bookseller works to wrap up hundreds of store closings. Borders Group Inc. on Wednesday made public the closing date for the 40,000-square-foot...Tags: Financially Distressed Companies, Bankruptcy, Birmingham , Books-A-Million Incorporated
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Netflix To Split DVD, Streaming Services
CNN/KTLA NewsNetflix is rebranding its 12-year-old movies-by-mail service as Qwikster and adding video games to its catalog, Reed Hastings, the company's CEO, announced Sunday night. The Web-streaming portion will continue to be called Netflix, he wrote on the...Tags: PlayStation 3, Gaming Industry, Nintendo Company Ltd., Prices, Entertainment
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Borders Announces Liquidation, Closing 400 Stores
ReutersNEW YORK -- Borders, the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good. The company said in a statement Monday it was unable to find a buyer willing to keep it in operation...Tags: Financially Distressed Companies, Lawyers, Barnes & Noble, Inc., E-Commerce Industry, Arts and Culture
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Borders fate to be decided this week
NEW YORK — Borders Group is edging closer to extinction after no new bids surfaced in an auction process for the bookstore chain other than the opening bid from two liquidation firms. Borders Group last week assigned the opening bid in its...Tags: Financially Distressed Companies, Bankruptcy, E-Commerce Industry, Auction Service
May 22, 2013
|Story| Reuters
Feb 25, 2013
|Story| Los Angeles Times
Dec 28, 2012
|Story| Los Angeles Times
Jan 28, 2013
| Chicago Tribune
Jan 28, 2013
|Story| Los Angeles Times
Jan 10, 2012
|Story| Los Angeles Times
Dec 27, 2011
|Story| Baltimore Sun
Jan 5, 2012
| Los Angeles Times
Sep 8, 2011
|Story| Petoskey News
Sep 19, 2011
|Story| KTLA-LTV
Jul 18, 2011
|Story| Reuters
Jul 18, 2011
|Story| Petoskey News
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