Borders Group Inc
Stock Symbol: BGP
100 Phoenix Drive
Borders Group Inc Industry:
Borders Group Inc Description:
Borders Group, Inc., (NYSE:BGP) is a leading global retailer of books, music, video and other information and entertainment items with stores in the United States, United Kingdom, Australia, New Zealand, Singapore, and the commonwealth of Puerto Rico. A FORTUNE 500 company headquartered in Ann Arbor, Mich., Borders Group employs 32,000 employees worldwide and operates over 375 Borders domestic superstores, 23 international Borders stores, 36 Books etc. locations and approximately 815 Waldenbooks stores
Borders Group Inc Financial Summary:
BGP operates book, music and movie superstores, including mall-based bookstores, through its subsidiaries. As of 1/04, the Company operated 482 Borders superstores and 778 Waldenbooks stores in the US & 37 Books etc. stores in the UK. For the 26 weeks ended 7/23/05, sales increased 3% to $1.75B. Net loss totaled $4M, vs. an income of $10.2M. Results reflect increased international sales, offset by increased administrative expenses.
Borders Group Inc Business Summary:
Borders Group, Inc., operates book, music and movie superstores, including mall-based bookstores, through its subsidiaries, Borders, Inc. (Borders), Walden Book Company, Inc., Borders (U.K.) Limited and Borders Australia Pty Limited, among others. At January 23, 2005, the Company operated 504 superstores under the Borders name, including 462 in the United States, 26 in the United Kingdom, 11 in Australia, three in Puerto Rico, and one each in Singapore and New Zealand. The Company also operated 705 mall-based and other bookstores primarily under the Waldenbooks name in the United States, and 35 bookstores under the Books etc. name in the United Kingdom. The Company operates in four segments: domestic Borders stores, International stores (including Borders, Books etc. and Paperchase stores), Waldenbooks Specialty Retail stores (Waldenbooks), and Corporate (consisting of the unallocated portion of interest expense, certain corporate governance costs and corporate incentive costs).