With dismal holiday sales, sagging shares, loan deadlines, layoffs and the resignation of its most recent CEO, Ron Marshall, Borders Group Inc. may face pressure from investors to consider a pre-packaged bankruptcy or liquidation, the Deal Pipleine reported on Saturday. The book retailer’s market cap is only about $53 million, slightly more than the $42 [...]
Book Expo America (BEA) is held Friday through Sunday in May or early June every year. This year is May 29th – 31st.
The primary purpose of the show has traditionally been to make booksellers aware of publishers’ fall lists. However, between the decreasing number of independent booksellers who now generate less than 20 percent of [...]
In the floundering economy, major book retailing companies, such as Borders, have been finding it hard to increase revenue, pay off loans, and still focus on growing as a company. Book sales are down and product costs are up. Thanks to negotiations with Pershing Square, however, Borders will be allowed a lengthy 12-month respite in [...]