ANN ARBOR, Mich., Jan. 5, 2009 -Borders Group today announced several management changes-including the appointment of a new Chief Executive Officer-to more aggressively drive a turnaround of the company within today’s challenging economy. Effective today, Ron Marshall, who most recently was Principal of Wildridge Capital Management, a private equity firm he founded approximately three years [.. more ..]

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ANN ARBOR, Mich., Dec. 22, 2008 - Borders Group, Inc. (NYSE: BGP) today announced an agreement with Pershing Square Capital Management, L.P. on behalf of its affiliates, to extend the expiration date of the previously announced Borders option to “put” its U.K.-based Paperchase gifts and stationery business to Pershing Square for $65 million, subject to [.. more ..]

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ANN ARBOR, Mich., Dec. 11, 2008-Borders.com has been named one of Internet Retailer’s “Hot 100 Best Retail Web Sites for 2009.” The Hot 100 listing recognizes leading retail Web sites operated by retail chains, catalog companies, Internet-only merchants and consumer brand manufacturers for their ability to inspire, inform, serve and importantly, connect with shoppers. Internet [.. more ..]

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PHILADELPHIA, Dec. 9, 2008 - Borders, a leading retailer of books, music and movies, will open a new store Dec. 17 at Philadelphia International Airport. The 909-square-foot store, located between Concourses D and E, will be the retailer’s second store in the airport. It will offer over 7,000 book titles, including audiobooks, top selling DVDs [.. more ..]

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ANN ARBOR, Mich., Dec. 4, 2008 - Borders® and Waldenbooks® stores across the country will host free, family-friendly Holiday Parties on Tuesday, Dec. 9. The events, which begin at 6 p.m., will include performances by local school choirs and fun, holiday-themed activities for kids of all ages. During the party, parents may take part in [.. more ..]

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ANN ARBOR, Mich., Nov. 25, 2008-Borders Group, Inc. (NYSE: BGP) today reported results for the third quarter, ended Nov. 1, 2008. On an operating basis, the consolidated loss from continuing operations for the third quarter was essentially flat with the same period a year ago at $39.0 million or $0.64 per share, compared to $38.4 [.. more ..]

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ANN ARBOR, Mich., Oct. 13, 2008-Borders today announced that it has once again been honored with a Fusion Award from RIS News for its innovative cross-channel retail strategies. The Fusion Awards honor retailers for their excellence in cross-channel and e-commerce operations. RIS News also recognized Borders with a Fusion Award for its cross-channel strategies last [.. more ..]

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ANN ARBOR, Mich., Oct. 7, 2008-Borders®, the first retailer beyond SonyStyle® stores to carry Sony’s Reader Digital Book beginning in 2006, has deepened its support of Sony and e-books, announcing today that nearly all of its over 520 superstores nationwide will carry the just-unveiled Reader model PRS-700 beginning this holiday shopping season. Borders will also [.. more ..]

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ANN ARBOR, Mich., Oct. 1, 2008-Consistent with a previously announced agreement, Borders Group, Inc. (NYSE: BGP) today issued warrants to Pershing Square Capital Management, L.P. to purchase an additional 5.15 million shares of the company’s common stock exercisable at $7.00 per share, subject to anti-dilution adjustments. The warrants are exercisable until October 9, 2014. The [.. more ..]

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ANN ARBOR, Mich. Sept. 19, 2008-Every kid loves a good party and Saturday, Sept. 27, Borders and Waldenbooks stores across the country are throwing open their doors to welcome kids and their families for the retailer’s first ever nationwide free “Kids Party” from 2 p.m. to 4 p.m. Kids are sure to have a great [.. more ..]

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