Parties, docket activity and news coverage of federal case borders group, inc, case number 1:11-bk-10614, from new york southern court. Borders group, inc operates as a book superstores the company offers a wide range of products such as books, magazines, notebooks, movies, and various office supplies. Industry analysis industry environment general environment political/legal lightly regulated & steady economic dependant upon discretionary spending. Written opinion signed on 5/12/2011 granting in part and denying in part the debtors' motion to authorize procedures for sale of de minimis assets free and clear of liens, claims and encumbrances. Borders group said it would liquidate after the second-largest us bookstore chain failed to receive any offers to save it.
Borders, the 40-year-old chain that helped define the age of the book superstore, filed for bankruptcy protection on wednesday, a widely expected move after years of increased competition, declining sales and months of missed payments to its vendors publishers, who have anticipated the bankruptcy. I, george l jones, certify that the form 10-q for the quarter ended november 3, 2007, of borders group, inc fully complies with the requirements of section 13(a) or 15(d) of the securities exchang. On january 12, 2012, borders group, inc went out of business as per its chapter 11 liquidation filing under bankruptcy borders group, inc, through its subsidiaries, engages in the operation of. Forty years ago, when borders opened its first store in ann arbor, michigan, the book industry was a different place but for years, borders acted like it wasn't, culminating in the announcement this week that it would liquidate its remaining 399 stores borders has been on the verge of insolvency.
Borders group inc, the nation's second-largest bookstore chain, announced that it will liquidate the company justin sullivan/getty images hide caption toggle caption. Borders group inc financial and business news, updates, and information from the new york times and other leading providers. Shortly after their success, borders group began scaling down its waldenbooks outlets, in addition to ending the company's businesses in the uk and ireland, in order to focus on the us stores borders was hit extremely hard during the financial crisis and the business continued to suffer, never regaining its lost sales. Borders group inc annual reports (10-k) and quarterly reports (10-q) industry: retail-miscellaneous shopping goods stores  business and mail address.
Borders group inc view information on current and former borders group inc building locations find leasing information, previous sales and currently active for sale and lease listings of properties where borders group inc is located. Borders group inc is one of leading and well-known retailers of books, cd, and other educational items its idea is to create richer, more satisfying lives through knowledge and entertainment in order to accomplish its mission, borders provide additional services to make its customer enjoy spending in the store. The goal of borders group, inc is to be the best-loved provider of books, music, video and other entertainment, as well as educational and informational products and services borders strives to be the world leader in selection, service, innovation, ambiance, community involvement, and shareholder. Borders group, inc (borders) is an operator of book, music and movie superstores and mall-based bookstores as of january 30, 2010, borders operated 511 superstores under the borders name, including 508 in the united states and three in puerto rico. Borders group, inc (former nyse ticker symbol bgp) was an international book and music retailer based in ann arbor, michigan in its final year, the company employed about 19,500 people throughout the us, primarily in its borders and waldenbooks stores.
About borders group, inc founded in 1971 as a small, two-room used bookstore in ann arbor, michigan, borders group rose to become the second-largest bookstore chain in the united states. Security agreement - borders group inc, borders inc, walden book co inc, borders outlet inc and fleet retail group inc (jul 30, 2004) separation agreement and general release - borders group inc and edward wilhelm (mar 18, 2009. In 1995, borders group, inc was the second largest bookstore in america, boasting massive superstores that housed more titles of books, dvds, and videos than any of its competitors. Borders group, inc - company history borders group is a leading us operator of book, music, and movie superstores, with 515 domestic borders superstores and 3 in puerto rico as of january 31, 2009.
1995: the book store chain, renamed borders group inc, spins off from kmart and goes public on the new york stock exchange (ticker: bgp) under ceo robert diromualdo at the time, borders' innovative inventory management system was considered the envy of the industry , as one publisher put it, and was a catalyst in the forthcoming boom in. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Borders group incorporated is the second of the three largest bookstore chains in the united states, based on sales and number of storesit is the fastest-growing bookstore chain.