TITLE

Borders Continues to Fight on in 2009

PUB. DATE
April 2010
SOURCE
Book Publishing Report;Apr2010, Vol. 35 Issue 4, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the developments of Borders Group Inc. after some losses and personnel changes. It states that with the desire to prove as a big retailer, Borders met its 42.5 million dollars of loans to Pershing Square Capital Management LP. It adds that Borders adopted cost-cutting measures in 2009 which resulted to improved income of 59.5 million dollars in the fourth quarter. However, Borders is still experiencing difficulties such as the operating loss worth 110.2 million dollars.
ACCESSION #
58650445

 

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