Written By: Bookseller Staff Publication Date: Wed, 22/06/2011 - 09:15 Borders has cut its net losses by almost $100m (£61.7m) in May as two "buyout moguls" have emerged as contenders to take over the business. read more Continue reading at 'The Bookseller'
[ The Bookseller | 2011-06-22 00:00:00 UTC ]
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The book publishing industry was just beginning to grapple last week with the many repercussions the Borders Group Chapter 11 filing will bring to all facets of the industry. The most immediate impact, of course, is the loss of revenue associated with the bankruptcy itself. Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-02-21 00:00:00 UTC ]
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Anger as customers at Borders and Angus & Robertson told they must spend double the amount on their gift certificates at the failed booksellers. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-02-18 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 17/02/2011 - 09:33 Borders could close a further 75 branches in addition to the 200 it is attempting to liquidate, as it revealed it was losing around $2m per week. read more Continue reading at The Bookseller
[ The Bookseller | 2011-02-17 00:00:00 UTC ]
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Playboy Enterprises and Martha Stewart Living Omnimedia suffered losses in 2010, due to the still struggling economy and a changing media landscape. Playboy says print/digital revenue fell 21.5 percent to $82.8 million in 2010. The domestic magazines generated $37.3 million, (down 32 percent... Continue reading at Folio Magazine
[ Folio Magazine | 2011-02-17 00:00:00 UTC ]
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#$55 million
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Written By: Graeme Neill Publication Date: Wed, 16/02/2011 - 12:30 Borders US has filed for Chapter 11 bankruptcy, blaming a decrease in consumer spending, a lack of liquidity and ongoing discussions with publishers. The widely expected move will mean Borders will try to restructure its... Continue reading at The Bookseller
[ The Bookseller | 2011-02-16 00:00:00 UTC ]
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#consumer spending
Written By: Bookseller Staff Publication Date: Tue, 15/02/2011 - 08:53 Publishers' demands for control of pricing in Borders' closing sales are delaying its impending bankruptcy ruling. Reuters reports the retailer is in discussions with liquidators over a plan to close around 20 of its 650... Continue reading at The Bookseller
[ The Bookseller | 2011-02-15 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 14/02/2011 - 08:46 Borders is expected to file for bankruptcy as soon as tomorrow [15th February], after it failed to agree new funding of more than $1bn with lenders. The book retailer has been struggling for months, with Publishers Weekly... Continue reading at The Bookseller
[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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Written By: Benedicte Page Hounslow council has postponed proposals to save money by cutting eight libraries, after a public consultation showed a majority of residents wanted to keep them all. The Hounslow Chronicle reports however that campaigners say libraries are not yet safe, as the... Continue reading at The Bookseller
[ The Bookseller | 2011-02-02 00:00:00 UTC ]
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#save money
Written By: Benedicte Page Essex county council has vowed not to close any of its libraries, or to cut back its mobile library destinations. But consultation is to begin next month on proposals to reduce opening hours to 54 of its 73 libraries. Jeremy Lucas, cabinet member for heritage, culture... Continue reading at The Bookseller
[ The Bookseller | 2011-02-01 00:00:00 UTC ]
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Written By: Graeme Neill Borders has told some US publishers and landlords it is delaying January payments to them, in a bid to complete a debt restructuring. The announcement comes just days after the troubled retailer secured funding from GE Capital. Reuters reports Borders said the move will... Continue reading at The Bookseller
[ The Bookseller | 2011-01-31 00:00:00 UTC ]
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Written By: Graeme Neill Borders has finally secured an agreement for fresh funding, with GE Capital providing $550m of new cash, but only if publishers stump up $125m. Publishers Weekly reports the troubled retailer has said for the first time that it doesn't rule out the possibility of... Continue reading at The Bookseller
[ The Bookseller | 2011-01-28 00:00:00 UTC ]
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