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Hachette Chief: 'New York is No Longer a Bookstore City' - Posted March 26, 2014
Julie Bosman's disheartening NYT look at the dwindling number of Manhattan bookstores is a Dickens of a downer. In this tale of two cities, the best-times scenario has been gradually giving way to a bookworm's worst nightmare. ... [morningmedianewsfeed]

Hachette Chief: 'New York is No Longer a Bookstore City' - Posted March 26, 2014
Julie Bosman's disheartening NYT look at the dwindling number of Manhattan bookstores is a Dickens of a downer. In this tale of two cities, the best-times scenario has been gradually giving way to a bookworm's worst nightmare. ... [FishbowlNY]

Great Gigs for Borders Employees - Posted July 21, 2011
As GalleyCat previously reported, Borders Group is ... [GalleyCat]

Najafi Companies in Negotiations with Borders - Posted June 8, 2011
Najafi Companies, an investment firm headed by Jahm Najafi, has expressed an interest in purchasing Borders' 265 superstores, website operations and customer lists. According to The Wall Street Journal, the firm has ha... [semanticweb.com]

Gores Group Reportedly Bids on 200+ Borders Stores - Posted June 2, 2011
The Gores Group, an investment firm headed by Alec Gores, has expressed an interest in purchasing half of Borders' 405 brick and mortar stores. According to ... [GalleyCat]

Borders CEO: 'Publishers Are Going to Make or Break Our Ability To Transform This Company' - Posted May 6, 2011
Earlier this week, Borders CEO Mike Edwards spoke with AnnArbor.com about the current status of the company as well as its plans for the future. Edwards explai... [GalleyCat]

Borders Reportedly Needs $50M More - Posted April 22, 2011
Struggling bookseller Borders reportedly needs to secure $50 million in additional financing for reorganization efforts. Currently, it has a $505 million debtor-in-possession loan. According to ... [GalleyCat]

Borders Has Lost 47 Corporate Employees Since Bankruptcy - Posted April 14, 2011
After delaying its annual report, Borders revealed in court documents that dozens of corporate employees have quit since the struggling bookseller f... [GalleyCat]

Bitter Borders Signs Go Viral - Posted April 13, 2011
Buzzfeed rounded up photographs of homemade signs posted at soon-to-be-closed Borders around the country (including the photo embedded above from ShoottheJ)--earning nearly 17,000 views in a single day. Check it out... [GalleyCat]

Gloomy Humor at Borders Bookstores - Posted April 7, 2011
As Borders around the country host going-out-of business sales, readers have sent in photographs of gloomy humor at the struggling bookseller. Above, we've embedded a Borders going-out-of-business photo from a Reddit user that generated 280 comments... [GalleyCat]

Pop-Up Bookstore To Open in Shuttered Borders - Posted March 29, 2011
On April 30th, Fleeting Pages will open a pop-up bookstore inside a shuttered Borders bookstore in Pittsburgh. The space will be stocked with independent and s... [GalleyCat]

Borders Hopes To Pay $8M+ in Executive Bonuses - Posted March 28, 2011
The Wall Street Journal broke the news that Borders hopes to pay more than $8 million in executive bonuses. The bonuses were outlined in paperwork filed with federal bankruptcy court. Here's more ... [GalleyCat]

Borders To Close 28 More Stores - Posted March 18, 2011
View ... [GalleyCat]

Barnes & Noble Still Seeking Buyer As Stock Dips - Posted March 8, 2011
Barnes & Noble began seeking buyers in August, but has yet to seal the deal. According to ... [GalleyCat]

Borders Liquidation Sales Start Tomorrow - Posted February 18, 2011
Starting tomorrow (February 19th), 200 Borders stores will host going out of business sales in 35 states--liquidating $350 million in inventory. "With limited exceptions," all items will be sold at 20 to 40 percent discounts. Hilco Merchant Resources, LLC, Gordon... [GalleyCat]

Borders To Launch Self-Publishing Platform - Posted October 15, 2010
Borders is taking on B&N and Amazon with a new self-publishing platform called ... [Inside Mobile Apps]

Borders Bonds With Ripple For Bookstore TV Network. The Mind Reels. - Posted November 13, 2007
Borders bookstores has partnered with Ripple, a Los Angeles-based entertainment company to create an in-store television network called Borders TV for 250 of the company's bookstores nationwide. According to the press release: This agreement enables Borders customers, for the ... [FishbowlLA]

Reading Program Launched for Hispanic Heritage Month - Posted September 6, 2007
The Association of American Publishers announced that it has joined forces with Las Comadres Para Las Americas, an informal internet-based group that meets monthly in over 50 US cities and growing, to build connections and community with other Latinas, to launch Reading with Las Comadres. The program is the cornerstone of... [GalleyCat]

10 Months In, A Tepid Response to the Sony Reader - Posted September 5, 2007
The Sony Reader may have arrived with serious splash ten months ago, but as Business Week reports, reviews of the tiny handheld book-reading device have been tepid at best, and Sony has consistently declined to release sales figures, which just might tell you somethi... [GalleyCat]

Could a Borders-B&N Merger Be Possible? - Posted August 31, 2007
On face value the idea seems ludicrous, but after reading this piece in the Detroit News by Nathan Hurst, there is some reasoning to the possibility that Barnes & Noble and Borders could one day merge with each other. That is because last week, a federal court ruled that a combination... [GalleyCat]

Channel 4 Chief Inches Closer to Borders UK Deal - Posted August 31, 2007
As per Publishing News (and reported earlier this week) the entrepreneur Luke Johnson and his private equity firm Risk Capital Partners was widely expected to take control of Borders, keeping the current CEO David Roche at the helm, closing fewer than 10 stores and retai... [GalleyCat]

Borders UK Eyed by Channel 4 Chief - Posted August 29, 2007
The Bookseller reports that Risk Capital Partners,the private equity firm owned by Channel 4 chairman Luke Johnson (left), is understood to be backing David Roche's management buyout of Borders' UK and Ireland business. While the deal has not been fina... [GalleyCat]

Borders Q2 Results - Posted August 29, 2007
Yesterday afternoon Borders reported results for the second fiscal quarter, ended Aug. 4, 2007. At $945.1 million, second quarter consolidated sales were up by 10.4% over the same period in 2006. Led by record sales of HARRY POTTER AND THE DEATHLY HALLOWS, comparable store sales within domestic Borders superstores increased by... [GalleyCat]

Borders Wants UK Deal By Autumn - Posted August 23, 2007
Borders is believed to be keen to clarify the future of its UK and Ireland business before the main autumn selling season begins, according to the Bookseller's Graeme Neill. The summer lull has seen suitors scrutinise the finances of the company, with W H Smith gaining increasing currency as a potential... [GalleyCat]

Borders Gets New CIO - Posted August 21, 2007
The Book Standard reports that Susan Harwood has joined Borders as chief information officer, an appointment that was briefly announced along with the resignation of Cedric Vanzura. Harwood, who will report to CEO George Jones, comes from Books-A-Million, where she served as vice president of inf... [GalleyCat]

Borders Wants to Make An Employee an Author - Posted August 14, 2007
How nice of Borders to sponsor a contest where one of their 30,000 employees has the chance to be published by their in-house imprint. Synergy, I tell you! Anyway, today's press release has more info, and employees have until January 31, 2008 to submit manuscripts. "Our employees are talented and creative... [GalleyCat]

Publisher Plays Hide and Seek Game in London - Posted August 13, 2007
The Times' Elsa McLaren reports that shoppers can discover a true bargain among the bookshelves today after 300 copies of a new novel have been hidden among the titles of unsuspecting bookshops across London. THE IDIOCY OF IDEARS by an unnamed author has been planted in the fiction, poetry, art, philosophy... [GalleyCat]

WHSmith to Bid on Borders UK Stores? - Posted August 10, 2007
To which I say, WTF? The Telegraph isn't so vocal in its confusion, but does say that news of WH Smith's interest in the company's UK holdings - 41 Borders stores, 27 Books etc stores and three smaller Borders Express stores will surprise the City. Private equity bidders had been... [GalleyCat]

Austenmania Goes Stratospheric Starting Now - Posted August 2, 2007
The Jane Austen biopic, BECOMING JANE, opens in limited release tomorrow and nationwide the week after. There are a slew of Austen-indebted novels just released on the market. What's going on here, wonders USA TODAY? Of course t... [GalleyCat]

No Word Whether the LongPen Will be Used - Posted August 2, 2007
Usually when authors do some kind of web-based event, it's through text or audio. But Simon & Schuster is going the extra mile for Philippa Gregory, author of the soon-to-be-a-movie THE OTHER BOLEYN GIRL and other historical fiction bestsellers, on Sunday, Sept. 16th at 2:00pm EDT. ... [GalleyCat]

Opening Day HP7 Sales: 8.3 Million - Posted July 23, 2007
Bloomberg reports on Scholastic's thundering cries of success with regards to Saturday sales of HARRY POTTER AND THE DEATHLY HALLOWS. The day's tally, according to the publisher? 8.3 million, with 1.2 million sales solely in Borders, the highest single- day sales of any title in the company's history. First-day sales surpassed... [GalleyCat]

Borders Picks Two New VPs - Posted July 20, 2007
Borders announced yesterday that they have created two new vice-president positions within the company. Teresa Wright has been named Vice President, Merchandising, for... [GalleyCat]

Another Borders Executive Departs - Posted July 18, 2007
Shelf Awareness reports that just two days after Rick Vanzura's resignation, Bill Nasshan, senior v-p of trade books, is leaving Borders to become executive v-p of merchandising and marketing at Shaw's Supermarkets, the New England grocery store chain that includes Star Markets. Nasshan, whose departure is effective this Friday, has been... [GalleyCat]

Private Equity Sniffs Around Borders Stores Down Under - Posted July 16, 2007
Reuters reports that Borders has had strong interest in the planned sale of its Australian and New Zealand operations from trade and private equity firms, sale advisors KPMG said on Monday. KPMG corporate finance executive director Luke Lawrentschuck said an information memorandum will be sent out by the end of July... [GalleyCat]

Borders Announces its Next Proprietary Book - Posted July 12, 2007
With Nick Santora's debut novel SLIP AND FALL piled high on Borders and Waldenbooks tables round the country, it only makes sense for the chain to move on to its next in-hou... [GalleyCat]

UK Booksellers Urged to Ban 'Racist' Tintin Book - Posted July 12, 2007
The Telegraph reports that comic book character Tintin was at the centre of a race row last night after Britain's equality watchdog accused one of the books of making black people "look like monkeys and talk like imbeciles". The Commission for Racial Equality claimed TINTIN IN THE CONGO de... [GalleyCat]

Borders Introduces Polish Section - Posted July 11, 2007
For a chain that's supposed to be shutting its UK operation down soon, Borders certainly keeps chugging along with new initiatives. The Bookseller reports that the bookstore chain's latest move is to introduce a Polish language section to three of its stores ahead of a roll-out across the entire business later... [GalleyCat]

Borders Gets In On the Mobile Game - Posted July 10, 2007
Borders is set to work with top book publishers including Penguin, Random House, HarperCollins and Bloomsbury to deliver the first chapters of forthcoming books from authors on mobile, according to NMA. The plan is to offer consumers the opportunity to read up to 30 samplers for free every month. The chapters... [GalleyCat]

Investment Management Firm Takes Minority Stake in Borders - Posted July 10, 2007
Forbes reports that investment management firm Spencer Capital Management LLC reported a 6.8 percent stake in Borders in a regulatory filing on Monday. According to the filing with the Securities and Exchange Commission, Spencer Capital and portfolio manager Kenneth H. Shubin Stein own 4 million shares of the Ann Arbor, Mich.-based... [GalleyCat]

Borders Tests Ideas in NJ Mall - Posted June 26, 2007
Publishers Marketplace points to a story about some of the strategies Borders Chief Executive Officer George Jones is hoping will move the company from "playing defense" to a "strong offe... [GalleyCat]

UK Publishers Feel the Manga Pinch - Posted June 13, 2007
The Bookseller reports that UK retailers are becoming more aware of the sales possibilities of stocking manga--but they still lag behind the rest of the world, a manga publisher claimed at a seminar last night. Emma Hayley, director at Metro Media, publishes Manga Shakespeare bo... [GalleyCat]

First Proprietary Book for Borders - Posted June 11, 2007
Borders announced in a press release today that Nick Santora's debut thriller SLIP AND FALL has been chosen as the first book the company will publish as part of a new proprietary program. The book, which revolves... [GalleyCat]

July Relaunch for Borders Site - Posted June 6, 2007
Direct Marketing's News Blog reports on Borders' plans to relaunch its website and take direct responsibility for its e-commerce activities instead of outsourcing it to Amazon. In doing so, the struggling book retailer will come a lot closer to building a multichannel platform from scratch than most merchants with well-established brands... [GalleyCat]

First Quarter Results for BAM, Borders - Posted May 30, 2007
PW Daily reports that sales at Books-A-Million rose 2.1% in the first quarter ended May 5, to $116.3 million while earnings jumped 40%, to $2.1 million. The revenue gain came despite a 0.5% decline in same store sales in the period. The increase in earnings was attributed to fewer discounts as... [GalleyCat]

Analyst Calls for Borders/B&N Merger - Posted May 10, 2007
The Associated Press reports on an investors note sent out yesterday by Credit Suisse analyst Gary Balter that had share prices rising and people speculating. That's because Balter suggested that bookseller Barnes & Noble should consider acquiring rival Borders. "Book retailing is an industry with very little if any growth as... [GalleyCat]

Harry Potter and the Continuing Price Wars - Posted May 4, 2007
The news is surprising, even a slap in the face to hear, but wholly unexpected. The Times reports that HMV boss Simon Fox has warned investors that the seeming cash cow known as HARRY POTTER AND THE DEATHLY HALLOWS is really far, far from that. Ev... [GalleyCat]

Former Ottakar's CEO Linked to Borders Bid - Posted April 26, 2007
The Bookseller reports that Ottakar's founder James Heneage has been linked with a bid for Borders' UK superstores, while former Hammicks chief Trevor Goul-Wheeker is believed to be eyeing its Books Etc division. Industry observers have mooted that Heneage could partner with current Borders CEO David Roche to buy out the... [GalleyCat]

Borders Offers Unauthorized Harry Potter Books - Posted April 18, 2007
Borders announced today that, no doubt in a bid to cash in further on Harry Potter-mania, they are offering two exclusive Harry Potter related books: THE GREAT SNAPE DEBATE, by Amy Berner, Orson Scott Card and Joyce Millman, and THE UNAUTHORIZED HARRY POTTER by Adam Troy Castro. Both are priced at... [GalleyCat]

Possibilities for Borders UK Buyout - Posted March 30, 2007
Sir Richard Branson is considering a 50m pound bid for the Borders books chain in the UK, in what would be a major expansion of his retail operations. According to a report in trade magazine Retail Week, the billionaire tycoon has requested detailed information on the 70-shop chain from Merrill Lynch,... [GalleyCat]

WHSmith eyes Borders Airport Stores - Posted March 26, 2007
What with Borders' recent announcement that it will shutter all of its UK-based shops, <em>the Scotsman reports that WHSmith has its eye on the airport shops even as he market awaits a bid from retail entrepreneur Tim Waterstone for the whole group. City analysts say that although the Office of Fair... [GalleyCat]

Borders Hires Exec Away from B&N - Posted March 16, 2007
In a press release issued today, Borders announced that it has named Jessica J. Harley to the position of Vice President, Acquisition and Retention Marketing. She will be responsible for leading all efforts to acquire new customers and expand business with existing customers, including optimization of the company's Borders Rewards(R) loyalty... [GalleyCat]

S&P Cuts Borders' Stock Value - Posted February 27, 2007
Shelf Awareness reported this morning that Standard & Poor announced that it is recommending that Borders' stock value be cut from 3 stars (hold) to two stars (sell) despite the expected increase in sales generated by July 21's expected release of the final Harry Potter book. But a "disappointing holiday sal... [GalleyCat]

ESPN Wants To Hook With Books - Posted February 13, 2007
Jeff Trachtenberg at the Wall Street Journal looks at the sports network ESPN's newest venture: trying to get its target 18-34 male crowd to read books. Witness last week's news about former basketball player John Amaechi's recent disclosure that he is gay, Trachtenberg writes. While it isn't exactly a shocker that... [GalleyCat]

UK Bookselling Tidbits - Posted January 12, 2007
Just weeks after Waterstone's decided to rebrand its Ottakar's flagship store in Glasgow a few months ago, the shop has been slated for closure. Wolters Kluwer might buy out Reed Elsevier after all, n... [GalleyCat]

Touchstone Tries the Contest Thing Again With Gather.com - Posted January 11, 2007
So the Sobol Awards are toast, and the winner of that "contest" won't be published by Simon & Schuster's Touchstone/Fireside imprint. But that hasn't stopped the imprint from trying again on the contest front, this time with Gather.com (which ... [GalleyCat]

Borders Joins Forces with Gather.com - Posted January 10, 2007
Borders and Gather.com have announced a joint project in which shoppers at the superstore chain can click on to the social media Web site and share their thoughts on books, music and other entertainment, the Associated Press reports. Under the new program, Borders customers who receive informational e-mails from the chain... [GalleyCat]

Borders Reports Quarterly Results - Posted January 9, 2007
And like its chain counterparts Barnes & Noble and Books-a-Million, Borders reports that for the nine-week period ending December 30, 2006, comparable store sales at Borders domestic superstores decreased by 1.9%, which is lower than management's prior projection and driven primarily by a decline in store traffic. At $1.1 billion, total... [GalleyCat]

Further AMS Bankruptcy Updates - Posted January 5, 2007
The New York Times finally picks up the Advanced Marketing Services bankruptcy story (what took so long?) and provides an overview of why this is big news in the publishing industry. "This is a huge disruption in this business," said a publishing executive to Julie Bosman, who declined to be further... [GalleyCat]

Osama + Humor = Success - Posted December 27, 2006
Who would have thought that Osama Bin Laden would figure in Britain's bestselling humor book of the year? More to the point, why did it take so long for someone to publish an Al Qaeda-esque parody of WHERE'S WALDO? So no wonder Borders reports that WHERE'S BIN LADEN is selling out... [GalleyCat]

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