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Latest Borders Group Stories

Lower Nook Tablet Prices To Take On Kindle Fire's Success
2012-02-22 10:32:20

With 16GB of memory and higher resolution screen, the Barnes & Noble Nook Tablet appeared to be a worthy competitor to Amazon´s Kindle Fire but it hasn´t taken off with users as the company had hoped. The most likely cause is was its $249 price point, versus Kindle Fire´s $199 entry price. Barnes & Noble announced today that it would sell lower-priced Nook Tablet device with 8GB of memory for $199, the same price and memory size as the Kindle Fire. In addition, the...

Barnes & Noble Slashes Forecast, May Spin Off Nook Business
2012-01-06 05:31:00

Barnes & Noble Inc. slashed its Nook sales forecast on Thursday, and surprised investors by saying it was considering spinning off its digital business in an attempt to regain profitability amid the growing popularity of digital books and magazines. The bookseller said it now expects its Nook business, which accounts for nearly one-quarter of sales, would reach $1.5 billion for the fiscal year ending in July 2012, in part because of disappointing numbers for its $99 Nook Simple Touch...

Barnes & Noble Forecasts Strong Nook Growth
2011-08-31 04:50:09

  Barnes & Noble Inc. said on Tuesday that it had narrowed its net loss during its fiscal first quarter, which ended July 30, as sales of its Nook e-book reader and e-books helped offset lower physical book sales. The largest U.S. bookstore chain forecast sales of its Nook e-reader and e-books would more than double this fiscal year to $1.8 billion, and said book sales would get a boost from the closure of rival Borders. The company reported a loss of $56.6 million, or 99...

2011-07-20 00:00:33

Change leadership expert and author, Brett Clay, says the closing of Borders Books demonstrates the fate of companies that adapt to change, rather than lead change. "The companies that follow, rather than lead in today's fast-changing market put themselves at a severe disadvantage," says Clay. "Like so many companies today, Borders failed to shift with the market"”in this case from paper, brick and mortar to electronic and Internet. Company executives should be asking themselves,...

2011-07-18 17:33:00

MELVILLE, N.Y., July 18, 2011 /PRNewswire/ -- DJM Realty, a Gordon Brothers Group company, has been retained to exclusively manage the disposition of all remaining Borders Group and Waldenbooks real estate in the United States. Borders Group, Inc., a leading specialty retailer of books as well as other educational and entertainment items operated over 900 stores in the US prior to its Chapter 11 bankruptcy protection filing on February 16, 2011. "This group of Borders' stores has...

2011-07-18 15:45:00

ANN ARBOR, Mich., July 18, 2011 /PRNewswire/ -- Borders Group reported today that, in accordance with the terms of its financing agreement, the Company will submit to the Court for approval the previously-announced proposal from Hilco and Gordon Brothers to purchase the store assets of the business and administer the liquidation process. Borders said that, in the absence of a formal proposal from a going concern bidder, it did not require an auction prior to presenting the proposal to the...

2011-06-16 13:58:00

ANN ARBOR, Mich., June 16, 2011 /PRNewswire/ -- The reviews are in. The new Kobo eReader Touch Edition is the perfect choice for consumers who are looking for a book-like reading experience and want the very best features available -- for less money. Now available on Borders.com and in select Borders stores beginning tomorrow, June 17 for just $129.99 ($10 cheaper than the next leading device), the new Kobo eReader Touch offers an amazing new touch experience that is similar to reading...

2011-06-02 09:15:00

ANN ARBOR, Mich., June 2, 2011 /PRNewswire/ -- Borders® today announced an important milestone in its overall digital strategy. Through an expanded partnership with Kobo, Borders is now offering customers access to one of the premiere eReading experiences in the industry via the Kobo eBook store, one of the largest stores worldwide, and Kobo apps that offer a unique social reading experience. The company also announced a newly launched eReading Blog and eBook club,...

2011-05-23 11:47:00

ANN ARBOR, Mich., May 23, 2011 /PRNewswire/ -- Borders® today announced an expanded U.S. partnership with Kobo, giving Borders customers access to new state-of-the-art free eReading apps and eReading technology; access to over 2.3 million books, newspapers and magazines; and a unique, industry-first social reading experience, positioning Borders as a strong competitor in the digital space. (Logo: http://photos.prnewswire.com/prnh/20060208/BORDERSLOGO) Under the...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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