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May 21, 2010 · ANN ARBOR, Mich., May 21 /PRNewswire-FirstCall/ -- Borders Group, Inc. (NYSE: BGP) today announced that an entity controlled by Bennett S. LeBow has agreed to invest $25 million in the company...
Jun 3, 2010 · Share this article. ANN ARBOR, Mich., June 3 /PRNewswire-FirstCall/ -- Borders Group, Inc. (NYSE: BGP) today announced that Mike Edwards has been appointed President of Borders Group and...
- A Sinking Ship
- The E-Book Effect
- Lessons Learned from Borders’ Demise
- Looking Forward
Founded in 1971, Borders grew from its Midwestern roots into a popular national bookstore chain after being bought for $190 million in 1992 by Kmart. Several years later, Kmart spun off its discount book chain Waldenbooks and Borders as a combined entity, calling it the Borders Group. In its prime in 2001, the company boasted over 1,200 domestic a...
Amazon released its first Kindle e-reader in 2007 and it sold out within hours. Over the next few years, the trend grew and eventually culminated with the release of the iPad in 2010 —a device that was “petrifying” to Edwards and Borders’ future. “The iPad, in a sense, is a Borders store in your hand,” he said. “You have music, you have video and y...
Mike Edwards didn’t know what to expect when he returned to Borders’ flagship office after filing the paperwork to liquidate Borders. But when he and then-CFO Scott Henry walked through the doors, they were greeted by hundreds of Borders employees, who applauded them for 20 minutes. It was a heartbreaking turn of events, Edwards recalled: “We were ...
Over his career, Edwards has bounced around a variety of retail categories — from women’s activewear to books, from office supplies to luggage — in a variety of roles. But his true passion has always been to run his own company, and Edwards now has a home as the CEO of eBags, an online seller of luggage and handbags. In making the decision to join ...
- Corinne Ruff
Website. www.borders.com (2001 archive) Borders Group, Inc. (former NYSE ticker symbol BGP) was an American multinational book and music retailer based in Ann Arbor, Michigan, United States. In its final year, the company employed about 19,500 people throughout the U.S., primarily in its Borders and Waldenbooks stores. [1] [2]
Bucks. Time to Use Those Borders Gift Cards. The bookseller Borders is liquidating but says it is still honoring gift cards. By Ann Carrns. DealBook. Borders to Begin Liquidating on Friday....
BDR Stock. News Borders Group, Inc. Press Releases. Find the latest press releases and official documents published by Borders Group, Inc. on MarketScreener.
