BGP - Sector: Services---Industry: Retail (Specialty)

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Profile :  



Borders Group, Inc.
100 Phoenix Drive
Ann Arbor, MI 48108
United States - Map
Phone: 734-477-1100
Fax: 734-477-4538
Web Site: http://www.bordersgroupinc.com

DETAILS  
Index Membership: N/A
Sector: Services
Industry: Specialty Retail, Other
Full Time Employees: 14,100


BUSINESS SUMMARY  
Borders Group, Inc., through its subsidiaries, operates book, music, and movie superstores. It also operates mall-based bookstores. The company�s Borders superstores segment offer books, bargain books, music, movies, and periodical titles across various categories, which include jazz, classical, and world music, as well as a range of DVDs focusing on new release and catalog movies. It also provides gifts and stationery, as well as feature cafes. Its Waldenbooks Specialty Retail stores segment operates small format stores in malls, airports, and outlet malls that offer new releases, hardcover, and paperback periodicals, as well as a selection of other titles. The company�s International stores segment operates superstores in Australia and New Zealand. As of February 2, 2008, the company operated 541 superstores under the Borders name, including 509 in the United States, 22 in Australia, 5 in New Zealand, 3 in Puerto Rico, and 2 in Singapore. It also operated 490 mall-based and other bookstores, including stores operated under the Waldenbooks, Borders Express, and Borders Outlet names, as well as Borders-branded airport stores; and owned and operated Paperchase Products Limited, a designer and retailer of stationery, cards, and gifts that operated 112 stores, primarily in the United Kingdom. Borders Group was founded in 1971 and is headquartered in Ann Arbor, Michigan.

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ANN ARBOR, Mich., Jan 08, 2009 /PRNewswire via COMTEX/ -- Ask just about anyone what their favorite Motown hit is and most will have a hard time picking just one. From "My Girl" by the Temptations to Marvin Gaye's haunting "What's Going On," Motown songs - and the talented artists and musicians who produced them - have touched the hearts of music fans worldwide over the last 50 years. Beginning this month and throughout the entire year, Borders will celebrate Motown's 50th anniversary with a prominent in-store display of Motown music selections along with related items, such as anniversary T-shirts. In addition, the retailer is devoting a special page on Borders.com dedicated to Motown's anniversary, and will host both past and present Motown artists including Boyz II Men, Martha Reeves of Martha Reeves and the Vandellas and Duke Fakir of The Four Tops for in-store appearances and signings in Los Angeles and Detroit.

Borders invites Motown fans to attend free in-store events in Los Angeles and in the Detroit area, which will give customers the opportunity to come together to celebrate their passion for the music that helped shape our popular culture. Boyz II Men, who were recently nominated for a 2009 Grammy Award for their Decca debut album "Motown: A Journey through Hitsville USA," will sign CDs and answer questions at the Westwood Borders store in Los Angeles Jan. 13 at 7 p.m. In addition, Duke Fakir of The Four Tops and Martha Reeves of Martha Reeves and the Vandellas will greet fans, answer questions and sign CDs at the Borders store in Dearborn Jan. 16 at 7 p.m.

Beginning today, customers can visit Borders' special Motown Web page at www.borders.com/motown where they can read about their favorite Motown artists, view vintage photos in the Motown image gallery and purchase CDs online. Throughout the year, Borders will also prominently display in its stores nationwide a large selection of Motown CDs from artists such as Stevie Wonder and Smokey Robinson and the Miracles, including the anticipated "NOW That's What I Call Motown," a 50th anniversary compilation of 25 Motown classics, available in stores and online beginning Jan. 13. When customers visit their local Borders store to stock up on their favorite music titles, they can also purchase an exclusive Motown 50th anniversary Borders gift card for the music fan in their lives - a great keepsake to mark the label's historic 50th anniversary. Select Borders stores are also offering Motown- themed T-shirts in two designs for men and women. Further, with any purchase of a Motown item, customers will receive (while supplies last) a complimentary 17-inch-by-27.5-inch poster featuring a colorful display of vintage images of various Motown artists.

"We feel a special connection to Motown because our company was founded and remains headquartered in Ann Arbor, just miles from Motown's Detroit birthplace. We have a tremendous affinity for the artists that this legendary label has produced over the past five decades," said Anne Kubek, executive vice president of Merchandising and Marketing for Borders Group.

About Borders Group, Inc.

Headquartered in Ann Arbor, Mich., Borders Group, Inc. (BGP, Trade) is a leading retailer of books, music and movies with more than 28,000 employees. Through its subsidiaries, the company operates more than 1,100 stores worldwide primarily under the Borders(R) and Waldenbooks(R) brand names. For online shopping, visit Borders.com. For more information about the company, visit www.borders.com/aboutus.

SOURCE Borders, Inc.



http://www.borders.com 

Copyright (C) 2009 PR Newswire. All rights reserved

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LOS ANGELES, Jan 09, 2009 /PRNewswire via COMTEX/ -- 
    Who:      They were discovered by Michael Bivins of New Edition, nurtured 
              by Motown in the early 1990s and became the biggest-selling 
              group in the company's history. Boyz II Men -- Nathan Morris, 
              Wanya Morris, Shawn Stockman and Michael McCary -- smartly 
              combined contemporary beats with classic smooth harmony, reeling 
              off the huge hits  "Motownphilly," "It's So Hard To Say Goodbye 
              To Yesterday" (the only a cappella No. 1 hit in pop music 
              history) and "End Of The Road" (from the feature film 
              "Boomerang") in the first year alone. "End Of The Road" is one 
              of three group No. 1 hits -- "I'll Make Love To You" and "One 
              Sweet Day" with Mariah Carey are the other two -- that set and 
              broke records for longevity at No. 1. They also tied the 
              Beatles' record for replacing themselves at the top of the 
              charts. Among their other hits: "Water Runs Dry," "On Bended 
              Knee," "4 Seasons of Loneliness," "A Song For Mama," "Can't Let 
              Her Go" and more. Boyz II Men honored their roots with "Motown: 
              A Journey Through Hitsville U.S.A.," an album of Motown covers 
              for which they have been nominated for a 2009 Grammy Award. 
    What:     Grammy nominated Boyz II Men will greet fans and sign "Motown: A 
              Journey Through Hitsville U.S.A.," as well as their other CDs at 
              Borders in Westwood. 
              During the event, fans will be treated to a special Q&A where 
              they will be able to ask Boyz II Men about their Motown roots, 
              what inspired them to do an album of Motown covers, what music 
              inspires them and more! The Q&A will be hosted by LA radio 
              personality Victor Zaragoza from radio station Hot 92.3. 
    Why:      Borders is celebrating Motown's 50th anniversary with a free 
              in-store event featuring Boyz II Men. Now fans have the 
              opportunity to celebrate their passion for Motown music by 
              meeting this successful R&B group and having their favorite Boyz 
              II Men CDs signed by the artists themselves! 
    When:     Tuesday, Jan. 13 at 7 p.m. 
    Where:    Borders 
              1360 Westwood Blvd. 
              Los Angeles, CA 90024 
              310.475.3444 
    Media     Media interested in attending this event should contact Lita 
    Contact:  Weissman with Borders Group at 818.512.8686 or 
              [email protected]. 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSLOGO ) 

SOURCE Borders



http://www.borders.com 

Copyright (C) 2009 PR Newswire. All rights reserved

[setravis]

should recover from these lows and has good insider ownership...
Maybe this has placed a base in.

52wk Range: 0.34 - 11.60
Volume: 3,517,564
Avg Vol (3m): 1,090,500

Technicals
Percentage Gainer

Last Price Quote is:
31.78%above 13-day MA
-50.18%below 50-day MA
RS Rating: 2 

Fundamentals
Key Data:
Market Cap (M): $44.80 
P/E Ratio: 20.18 
PEG Ratio: N/A 
Next Earnings: 03/19/2009
Last Analyst Rating: Neutral

[setravis]

Insider buys....... Good insider ownership...Action !
http://finance.yahoo.com/q/it?s=BGP


52wk Range: 0.34 - 8.02
Volume: 1,215,686
Avg Vol (3m): 703,019

Technicals
Percentage Gainer

Last Price Quote is:
61.29%above 13-day MA
88.26%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $68.99 
P/E Ratio: 20.18 
PEG Ratio: N/A 
Next Earnings: 05/26/2009
Last Analyst Rating: Neutral

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updated chart look... 

[setravis]

A 734.88% performance since being added to my watch list on 12/27/08



52wk Range: 0.34 - 8.02
Volume: 1,914,934
Avg Vol (3m): 825,017

Technicals
Percentage Gainer

Last Price Quote is:
29.44%above 13-day MA
70.78%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $158.79 
P/E Ratio: 20.18 
PEG Ratio: N/A 
Next Earnings: 08/25/2009
Last Analyst Rating: Neutral

[setravis]

Michael Jackson music, videos quickly sell out after death...


52wk Range: 0.34 - 8.02
Volume: 1,803,658
Avg Vol (3m): 910,180

Technicals
Close Above the 13-day MA
Percentage Gainer

Last Price Quote is:
9.09%above 13-day MA
27.48%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $192.72 
P/E Ratio: 20.18 
PEG Ratio: N/A 
Next Earnings: 08/25/2009
Last Analyst Rating: Neutral

We have The Golden Cross...

[setravis]

Jackson music, videos quickly sell out after death
Jackson-related music, videos, books skyrocket in sales, sell out after pop star's death
By Rachel Metz, AP Technology Writer
On Friday June 26, 2009, 5:46 pm EDT

NEW YORK (AP) -- Michael Jackson's death has led to skyrocketing sales of his music and videos, with major retailers selling out of products that have regained immense popularity overnight.

Bill Carr, Amazon.com Inc.'s vice president for music and video, said Friday that once the world learned that the pop icon had died Thursday, the Web site sold out within minutes all CDs by Michael Jackson and by the Jackson 5 -- the group Jackson and his four older brothers formed out of Gary, Ind., in the late '60s.

Jackson's albums accounted for all 10 of Amazon's "Bestsellers in Music" list Friday, with the 25th anniversary edition of the celebrated "Thriller" album taking the top spot.

Barnes and Noble Inc.'s Web site and retail stores also sold out most Jackson CDs, DVDs and books, and its 10 bestselling CDs were Jackson titles as well. Borders Group Inc.'s Web site sold out almost everything related to the star; albums also sold out at some of the book seller's retail locations, including its New York stores.

"We saw something similar when (Luciano) Pavarotti and (Frank) Sinatra passed, but from the initial read on this it seems to be a faster rush," Borders spokeswoman Mary Davis said. "People seem to be shocked by the news and want to go out and rediscover his music."

At a Borders in midtown Manhattan, Chris Barnes, 37, came in during his lunch break Friday and was disappointed he couldn't get a compilation of the star's number-one videos -- something he had seen on the shelf just a few days earlier.

"He was an icon. I grew up on 'Off The Wall' and all that," Barnes said, listening to Jackson's "Rock With You" on his iPod as he spoke.

Apple Inc. would not describe the level of demand for Jackson's music at its online iTunes Store, but his dominance of iTunes' top-seller lists Friday speaks for itself.

Before word of Jackson's hospitalization, none of his albums were in iTunes' list of top sellers. After the news broke, "Thriller" quickly cracked the iTunes top 100; within hours, it reached No. 1. By Friday afternoon, nine of the top 10 albums were Jackson's. "The Essential Michael Jackson" song collection was the top-selling album, followed by "Thriller."

Five of Jackson's singles made it to iTunes' list of most-purchased tracks -- "Man in the Mirror," "Thriller," "The Way You Make Me Feel," "Don't Stop 'Til You Get Enough," and "Smooth Criminal" -- in what may be one of the best barometers to gauge his most popular songs.

Borders, Barnes and Noble and Amazon all were working on restocking their stores.

Sixty percent of Amazon's CD orders Thursday were for Michael Jackson music, something Carr called "stunning." He said he'd "never seen anything like this" before at Amazon after the death of a pop culture icon.

With Amazon sold out of Jackson CDs, Carr said many customers were buying Jackson's music in digital form. Sales of Jackson-related videos are also up on Amazon -- Carr said most DVDs, including the 1978 movie musical "The Wiz," are currently out of stock.

Carr said it was difficult to say whether the increased sales would persist, saying Amazon for now was taking things "minute by minute" and reacting to customers' orders.

"They love him, he's a legend, and they're anxious to make sure they have his music in their collections," he said.

Demand for Jackson-related products also shot up abroad.

The Web site for Britain's largest music seller, HMV Group, saw an unprecedented amount of downloads of Jackson's music after his death.

At HMV stores, sales rose about 20-fold, though they had stocked up on albums in advance of concerts that were to begin next month, HMV spokesman Gennaro Castaldo said. Jackson, 50, had been prepping for a 50-show engagement at London's O2 Arena.

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updated chart scene...

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updated chart scene...

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ANN ARBOR, Mich., March 3, 2010 /PRNewswire via COMTEX/ -- Having recently delivered to needy children across the nation more than 900,000 new books collected during its winter book drive, Borders has launched its company wide, community-based spring book drive that will last through April 6. Staff at more than 700 Borders(R) and Waldenbooks(R) stores nationwide are encouraging customers to open their hearts and give the gift of new books to children within their communities. Customers can also donate Borders' own Easter-themed "Pickles the Bunny," an adorable grey and white plush toy rabbit. All books and bunnies will be directly donated to non-profit organizations chosen by each store.


"Borders customers have shown tremendous generosity even when many are tightening their belts during these difficult economic times," said Larry Norton, Senior Vice President of Merchandising-Adult Trade, Children's and Bargain. "We had an outstanding winter book drive in which we teamed with customers and hundreds of charities nationwide to collect more than 900,000 books for children. That outpouring of generosity is a huge testament to our and our customers' desire to promote literacy in local communities. We are excited about our spring book drive and hope to once again deliver a generous number of books to children in need across the nation."

A number of non-profit organizations have directly benefited from Borders' book drives over the years including UC Davis Children's Hospital, Ronald McDonald House Charities, Rock for Reading, Starlight Children's Foundation, the Make-A-Wish Foundation, Reach Out and Read Michigan, Boys Town, Shriners Hospital for Children, Wednesday's Child and many others.

"Words cannot begin to express our enormous gratitude and sincere appreciation to Borders and your amazing customers," said Pat Lockerd of Wednesday's Child, a north Texas non-profit that partnered with an area Borders store on its winter book drive. "The gift of a book to a child is a gift of hope and dreams. While every child deserves a new book to call his or her own, a new book for a child in foster care is invaluable. It improves reading skills, is a source of ownership and pride, and most importantly, it provides a chance to escape into their imagination and dream of good things to come. Your customers provided a perfect blend of books for all ages -- from the very youngest to our teens!"

Whether searching for a beloved classic from their childhood or discovering a new author or illustrator, customers will enjoy browsing Borders and Waldenbooks stores' selection of thousands of titles. The retailer expects some of the most popular books donated to include "Where the Wild Things Are," "Ramona the Pest," "Fancy Nancy: Pajama Day," "The Poky Little Puppy" and "Magic Tree House" titles. Customers can choose to donate these titles or they can donate their favorite age-appropriate children's book.

Customers may contact their local Borders or Waldenbooks store to learn more about the spring book drive. To find a store, go to the store locator tab on Borders.com.

About Borders Group, Inc.

Headquartered in Ann Arbor, Mich., Borders Group, Inc. (BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 19,500 throughout the U.S., primarily in its Borders(R) and Waldenbooks(R) stores. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/borders and youtube.com/bordersmedia. For more information about the company, visit borders.com/media.

SOURCE Borders

[setravis]

Economy is looking better and BGP is a Buy!

52wk Range: 0.39 - 4.48
Volume: 3,257,173
Avg Vol (3m): 2,406,810

Technicals
Percentage Gainer

Last Price Quote is:
19.38%above 13-day MA
28.93%above 50-day MA
RS Rating: 86 

Fundamentals
Earnings Expected on Apr 6

Key Data:
Market Cap (M): $109.90 
P/E Ratio: 20.18 
PEG Ratio: N/A 
Next Earnings: 04/06/2010
Last Analyst Rating: Neutral

Below is the 6 month chart...

[setravis]

Economy is looking better and BGP is a Buy!

Borders Bounces Back
updated chart scene...


52wk Range: 0.85 - 4.48
Volume: 25,903,945
Avg Vol (3m): 3,209,680

Technicals
Close Above the 13-day MA
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
27.41%above 13-day MA
47.34%above 50-day MA
RS Rating: 97  

Fundamentals
Earnings Expected on May 25

Key Data:
Market Cap (M): $151.92  
P/E Ratio: 20.18  
PEG Ratio: N/A  
Next Earnings: 05/25/2010
Last Analyst Rating: Neutral

[setravis]

Borders Bounces Back.......

Shares of Borders Group (BGP) shot up 47% Thursday to $2.54. Is this the start of a revival for Borders shares or just a dead cat bounce? Let's take a closer look at the country's 2nd largest bookstore chain.

The Good News

1. Borders shares rose after the company reported that it was able to repay a $42.5 million dollar note from Pershing Square Capital. Borders also announced a positive earnings report for the 4th quarter. Earnings per share was nearly double 2009 at 91 cents. The firm's net profit rose to $60 million dollars. Borders produced a better 4th quarter earnings report than most Wall Street analysts were expecting.

2. Borders gained $700 million in debt financing, pushing the retailer's debt maturities back to 2014. This should give Borders some breathing room considering that the original debt was due to mature in 2011.

3. Borders is partnering with Kobo to release an e-reader. Borders is counting on the e-reader to make the firm competitive with the Nook and Kindle. The Kobo e-reader only costs $149 which makes it cheaper than most e-readers.

The Bad News

1. Borders had sales of $946.5 million which is a drop from last year's $1 billion dollar sales figure. Borders profit increase did not come from earnings growth but from cost cutting (store closings, employee layoffs). Borders' biggest problem is that the firm has no organic growth. The same store sales numbers were dreadful. Same store sales (comps) declined 14%, which is nearly 3 times the rate at Barnes & Noble (BKS). While the company is doing everything that it can to survive, Borders can only cut costs so much. The forecast for earnings growth for the next 5 years is projected to be 0.2%.

2. Borders should have entered the digital content arena when the Nook and Kindle launched. With the iPad set to launch Friday, Borders' e-reader may be too little too late.

3. Borders' business model is near extinction. According to Marketwatch, Amazon (AMZN) and Wal-mart (WMT) are taking market share from traditional bookstore chains with their discounted pricing model. Barnes & Noble, the number 1 book retailer in the U.S., is fighting to stay afloat in the bookstore industry. Now you have Apple (AAPL) entering the fray with its tablet PC. While there will always be a need for bookstores, the retail book market does not appear to be large enough for both Borders and Barnes & Noble.

think that Borders deserves credit for the changes that the company has made and I believe that these changes will benefit Borders over the short term. However, none of these fixes addresses the long term problems. Borders stock might be a decent trade for the speculative investor but I wouldn't consider buying shares for anything more than speculation.