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Borders Group Incorporated (MI)

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  • Judge rules gifts cards from belly-up Borders bookstores worthless

    Judge rules gifts cards from belly-up Borders bookstores worthless
    Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by the time the bookstore chain went out of business in September 2011. All of which are now "equitably moot."
  • Barnes & Noble Chairman Riggio plans retail bookstore buyout

    Barnes & Noble Chairman Riggio plans retail bookstore buyout
    Barnes & Noble Inc. Chairman Leonard Riggio is hoping to buy out the struggling retail side of the bookstore business he bought some 40 years ago as digital advances and online competition threaten the chain’s growth. In a Securities and...

    A third of Barnes & Noble stores may close in next decade, report says

    A third of Barnes & Noble stores may close in next decade, report says
    Barnes & Noble will shut up to a third of its brick-and-mortar bookstores over the next decade as reading habits change and digital publications evolve, according to a new report. The chain will end up with 450 to 500 stores in 10 years, down from the...

    Retail Roundup: Wal-Mart price-matching, Black Friday at Target, BAM opens bookstores

     
    -- In advance of the all-important holiday season, Wal-Mart Stores Inc. announced a price-matching program to guarantee that shoppers will snag the best deal on many items purchased at the world's biggest retailer. Between Nov. 1 and Dec. 25, shoppers...

    On Location: book publishers borrowing a page from Hollywood

     
    In a sewer beneath Las Vegas, a lethal vixen named Abigail is locked in a mortal struggle with an outlaw cowboy with ties to Greek gods. The scene, recently filmed over three days on a sound stage in Glendale, wasn't...