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Borders Total Sales Fell Nearly 13 Percent Last Quarter

308.jpegYesterday Borders Group announced that total sales were $1.1 billion for the final quarter in 2008, down nearly 13 percent from last year. For the year, total sales declined by almost 9 percent.

Earlier this week, Borders Group reported that Pershing Square Capital Management had extended the bookseller’s $42.5 million loan until April 1, 2010, granting the struggling company a chance to recover this year.

In a statement, CEO Ron Marshall praised the new terms: “The extension of the loan gives us some necessary breathing room, which is important in the current economic environment.”

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Novel Writing: Editing Your Draft

Novel Writing: Editing Your DraftStarting July 16, workshop your novel in-progress with a published author! Erika Mailman's course will function as a workshop, with the emphasis on sharing your work for review and providing critiques for your peers. By the end of this class you'll have up to 75 pages of you novel workshopped and developed patterns to improve your writing. Register now!