| Date | Title | | | Nov.19.09 | Borders Names Bill Dandy Senior Vice President, Marketing| Art Keeney, Current Senior Vice President, Marketing, Moves to Senior Vice President, Store Operations, while Larry Norton, Current Senior Vice President, Merchandising and Distribution, Moves to Senior Vice President, Merchandising, Adult Trade and Children's Books
ANN ARBOR, Mich., Nov. 19 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP) has appointed Bill Dandy Senior Vice President, Marketing, effective Nov. 20. Dandy has more than 20 years of retail experience, serving in marketing a... |
|  | | Nov.05.09 | Waldenbooks to Become Smaller, More Profitable Chain in 2010 as Number of Stores Will Be Reduced by Approximately 200 in January| Borders Group Intensifies Ongoing Strategy to Right-Size Mall Operation; Today's Announced Mall Store Reduction Does Not Include Borders Superstores or Seasonal Mall Kiosk Business
ANN ARBOR, Mich., Nov. 5 /PRNewswire-FirstCall/ -- As part of Borders Group's ongoing strategy to right-size its Waldenbooks Specialty Retail segment and emerge with a smaller, more profitable mall chain in fiscal 2010, the retailer will close approximately 200 mall stores in January, leaving approximately 130 ma... |
| | | Nov.02.09 | Borders Group, Inc. Conference Call Details - Q3 2009 Financial Results| ANN ARBOR, Mich.--(BUSINESS WIRE)--Nov. 2, 2009--
Borders Group, Inc. (NYSE:BGP) will discuss the company’s third quarter
2009 financial results on a conference call for analysts and investors
Tues., November 24 at 10:00 a.m. Eastern. Borders Group Chief Executive
Officer Ron Marshall and Chief Financial Officer Mark Bierley will lead
the review. The call will follow a news release regarding third quarter
2009 performance to be issued by the company ... |
| | | Sep.15.09 | Borders Names Michael J. Edwards Executive Vice President, Chief Merchandising Officer| Anne Kubek, Executive Vice President, Merchandising and Marketing, Departs
ANN ARBOR, Mich., Sept. 15 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP) has appointed 26-year retail veteran Michael J. Edwards Executive Vice President, Chief Merchandising Officer, effective Sept. 28. Edwards will report to Borders Group Chief Executive Officer Ron Marshall and be responsible for developing and executing merchandising and marketing strategies to drive sales and profit as Borders works to re-e... |
| | | Aug.25.09 | Borders Group Reports Q2 2009 Results; Adjusted EBITDA $6.9 Million and Operating Cash Flow $40.6 Million| ANN ARBOR, Mich., Aug. 25 /PRNewswire-FirstCall/ -- Borders Group, Inc. (NYSE: BGP) today reported results for the fiscal second quarter of 2009, ended Aug. 1.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060208/BORDERSGRPLOGO )
Second quarter results, compared to the same period a year ago, include the following highlights:
-- Adjusted EBITDA was $6.9 million compared to $14.9 million in the prior
year quarter. On a year-to-date basis, adjusted EBITDA was $9.9 million
... |
| | | Aug.13.09 | Borders Group Reorganizes Paperchase U.S. Leadership Team| ANN ARBOR, Mich., Aug. 13 /PRNewswire/ -- Borders Group today announced a
reorganization of its Paperchase U.S. leadership team to strengthen alignment
with the U.K. headquarters of the gift and stationery retailer.
Paperchase U.S. President Dick Lynch is departing the company as Jim
Frering joins Borders Group as Vice President, Paperchase U.S. Operations.
Frering, 48, is based in Ann Arbor and reports to Simon Howes, Head of Retail
at Paperchase U.K., headquartered in London. F... |
| | | Aug.12.09 | Larry Norton Named Senior Vice President, Merchandising and Distribution at Borders Group| ANN ARBOR, Mich., Aug 12, 2009 /PRNewswire via COMTEX/ -- Borders Group has named 27-year publishing industry veteran Larry Norton Senior Vice President, Merchandising and Distribution, effective Aug. 31. He reports to Anne Kubek, Executive Vice President, Merchandising and Marketing.
At Borders, Norton is responsible for leading the merchandising team, which includes the buying and planning organization for all Borders and Waldenbooks stores nationwide as well as the distribution group, whic... |
| | | Aug.11.09 | Five New Directors Slated for Election to Borders Group Board in September as Five Will Step Down in Planned Transition| ANN ARBOR, Mich., Aug. 11 /PRNewswire-FirstCall/ -- Borders Group, Inc.
(NYSE: BGP) today announced plans to elect five new Board members at the
company's September 17 Board meeting. The five new Directors will replace five
existing Directors -- Don Campbell, Joel Cohen, Amy Lane, Brian Light and
Larry Pollock -- who will step down from the Board at that time, as previously
announced.
The five new directors are: Paul J. Brown, President, Global Brands and
Commercial Services, H... |
| | | Aug.10.09 | Borders Group Names Three New Zone Vice Presidents| ANN ARBOR, Mich., Aug. 10 /PRNewswire/ -- Borders Group has named three
new zone vice presidents to lead its store operations teams nationwide. Mike
Steele is zone vice president for the West Coast region; John Melnick is zone
vice president for the Northeast and Dave Marsico is zone vice president for
the Midwest. The Southeast is led by existing zone vice president Bill
Christensen, who has held that post since 2007. All zone vice presidents
report to Senior Vice President, Operati... |
| | | Jul.29.09 | Borders Names Goldstein Vice President, Marketing Revenue| ANN ARBOR, Mich., July 29 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP)
has promoted Joanna Goldstein to the newly created position of Vice President,
Marketing Revenue. Goldstein, 33, will be responsible for developing and
managing cooperative marketing promotions and sales-driving initiatives with
publishers as well as other vendors and third-party marketing partners.
At Borders, Goldstein previously served as Merchandising Director,
Newsstand, Calendars, Games and Trend Gift... |
| | | Jul.20.09 | Borders Group, Inc. Conference Call Details - Q2 2009 Financial Results| ANN ARBOR, Mich.--(BUSINESS WIRE)--Jul. 20, 2009--
Borders Group, Inc. (NYSE:BGP) will discuss the company’s second quarter
2009 financial results on a conference call for analysts and investors
Tues., August 25 at 10:00 a.m. Eastern. Borders Group Chief Executive
Officer Ron Marshall and Chief Financial Officer Mark Bierley will lead
the review. The call will follow a news release regarding second quarter
2009 performance to be issued by the company... |
| | | May.26.09 | Borders Group Reports Q1 2009 Results| Adjusted EBITDA $3.0 Million Compared to LY Adjusted EBITDA Loss of $14.3
Million
Operating Cash Flow Improved by $19.5 Million
Debt Reduced by $266.0 Million
SG&A Expenses Reduced by $48.1 Million
ANN ARBOR, Mich., May 26 /PRNewswire-FirstCall/ -- Borders Group, Inc.
(NYSE: BGP) today reported results for the fiscal first quarter of 2009, ended
May 2. Highlights include:
-- Adjusted EBITDA in the first quarter was $3.0 million compared to an
... |
| | | May.26.09 | Borders Group Names Laverty Chief Information Officer and Devitt Director, e-Commerce Systems| ANN ARBOR, Mich., May 26 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP)
today announced two appointments within its Information Technology (IT) group:
Scott Laverty, Chief Information Officer, effective today, and Paul Devitt,
Director, e-Commerce Systems, effective May 18. Laverty has more than 25 years
experience in information systems and retail, working in senior management
positions within the nation's leading business strategy and consulting firms
as well as within major retail ... |
| | | May.05.09 | Borders Group, Inc. Conference Call Details - Q1 2009 Financial Results| ANN ARBOR, Mich., May 05, 2009 (BUSINESS WIRE) -- Borders Group, Inc. (NYSE:BGP) will discuss the company's first quarter
2009 financial results on a conference call for analysts and investors
Wed., May 27 at 8:00 a.m. Eastern. Borders Group Chief Executive Officer
Ron Marshall and Chief Financial Officer Mark Bierley will lead the
review. The call will follow a news release regarding first quarter 2009
performance to be issued by the company after market ... |
| | | May.04.09 | Borders Group Meets NYSE Share Price Requirement; Continues Compliance with Market Cap Standard| ANN ARBOR, Mich., May 4, 2009 /PRNewswire-FirstCall via COMTEX/ -- Borders Group, Inc. today received notice from the New York Stock Exchange (NYSE) that as of April 30, 2009, the company's 30-day average share price was above $1.00, restoring compliance with the minimum share price for continued listing on the NYSE. In addition, the company's absolute market capitalization continues to be above the NYSE's current minimum standard of $15 million, making Borders Group compliant with all NYSE lis... |
| | | Apr.30.09 | Borders Group Names Oprins Vice President, Merchandising for Non-Book Categories| ANN ARBOR, Mich., April 30 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP)
today announced that Michael J. Oprins has been named vice president,
merchandising for non-book products. Oprins, who has been with the company
for more than 18 years, is responsible in this newly created position for
leading buying teams in non-book categories including: music, DVD, bargain,
digital, newsstand, calendars, games, trend gifts and candy.
Oprins, 45, brings more than 25 years of retail expe... |
| | | Apr.16.09 | Borders Group Updates Agenda for 2009 Annual Meeting of Shareholders May 21| Company will not seek amendment to allow for reverse stock split; Board
composition to change over time
ANN ARBOR, Mich., April 16 /PRNewswire-FirstCall/ -- Borders Group, Inc.
(NYSE: BGP) today announced that shareholders at its May 21 annual meeting
will not be asked, as previously disclosed, to vote on an amendment that would
have allowed the company to effect a reverse stock split with the intention of
increasing the per share market price of its common stock to meet criteria f... |
| | | Mar.31.09 | Borders Group Reports Q4/Full-Year 2008 Results| Operating Cash Flow Improved by $129 Million
Debt Reduced by $218 Million
SG&A Expenses Reduced by $96.5 Million
ANN ARBOR, Mich., March 31 /PRNewswire-FirstCall/ -- Borders Group, Inc.
(NYSE: BGP) today reported results for the fiscal fourth quarter and full year
2008, ended Jan. 31, 2009. Highlights include:
On a full-year basis, cash flow from operations improved by $128.6
million at year-end as SG&A expenses were reduced by $96.5 million and
... |
| | | Mar.30.09 | Borders Group and Pershing Square Agree to One-Year Extension of Loan Agreement| ANN ARBOR, Mich., March 30 /PRNewswire-FirstCall/ -- Borders Group, Inc.
(NYSE: BGP) and Pershing Square Capital Management, L.P. today announced a
one-year extension of the $42.5 million senior secured term loan from April
15, 2009 until April 1, 2010. The loan will be extended on its current
terms, including an interest rate of 9.8%, which is substantially below market
for comparable financing. At the same time, Borders Group is resetting the
strike price on Pershing Square's 14.... |
| | | Mar.12.09 | Borders Group Sets 2009 Annual Meeting Date| ANN ARBOR, Mich., March 12, 2009 /PRNewswire-FirstCall via COMTEX/ -- Borders Group, Inc. (NYSE: BGP) today announced that the company will hold its annual meeting of shareholders Thursday, May 21, 2009 at 11:30 a.m. Eastern at the Ann Arbor Marriott Ypsilanti at Eagle Crest, 1275 S. Huron St., Ypsilanti, Mich. 48197. The record date for determination of shareholders entitled to vote at the meeting is March 24, 2009.
In addition to routine matters and a shareholder proposal, votes will also ... |
| | | Mar.05.09 | Borders Group Reduces Store Workforce, Eliminating 742 Positions Nationwide| ANN ARBOR, Mich., March 5 /PRNewswire-FirstCall/ -- Borders Group
announced the elimination of 742 positions throughout its 516 Borders
superstores and in a number of its 385 Waldenbooks Specialty Retail locations
nationwide, effective today. This represents less than 3% of the company's
total workforce.
At Borders superstores, 679 jobs were eliminated, as the company focused
on reducing the number of manager and supervisor positions in its superstores.
No changes were made at t... |
| | | Feb.26.09 | Borders Plans to Close Chicago Michigan Ave. Store in 2010; Commitment to Chicagoland Continues| ANN ARBOR, Mich., Feb. 26 /PRNewswire/ -- Borders today announced that it
plans to close its store on Michigan Avenue in Chicago in January 2010. The
company continues to have a strong commitment to Chicagoland with 19 stores
throughout the area, including nearby locations on State Street, West North
Avenue, North Clark Street in Lincoln Park and in the Citigroup Center - all
of which are located within five miles of the Michigan Avenue store - plus
others that are just minutes away.
... |
| | | Feb.19.09 | Borders Group Further Reduces Corporate Workforce by 136 Positions as Expense Reduction Drive Continues| ANN ARBOR, Mich., Feb. 19 /PRNewswire/ -- Borders Group today announced
that it has reduced its corporate workforce by another 136 positions, which
were eliminated effective today. The majority of the jobs, which represent
about 12% of the corporate workforce but less than 1% of the company's total
workforce, are based at the company's headquarters in Ann Arbor. The workforce
reduction was spread across virtually all business areas, including marketing,
human resources, field manageme... |
| | | Feb.13.09 | Borders Group and Pershing Square Further Extend Financing Agreement Deadlines to April 15| Q4/Full Year 2008 Results for Borders Group to be Issued March 31 after Market
Close with Conference Call for Investors at 8 a.m. April 1
ANN ARBOR, Mich., Feb. 13 /PRNewswire-FirstCall/ -- Borders Group, Inc.
(NYSE: BGP) and Pershing Square Capital Management, L.P. on behalf of its
affiliates today announced that they will further extend the expiration date
of Borders Group's option to "put" its U.K.-based Paperchase gifts and
stationery business to Pershing Square for $65 m... |
| | | Feb.03.09 | Borders Group Consolidates Corporate Management; Eliminates Several Positions| ANN ARBOR, Mich., Feb. 3 /PRNewswire-FirstCall/ -- Borders Group today
announced that as part of its effort to drive further expense reductions, the
company is consolidating its corporate management structure at the vice
president and director levels, eliminating six vice president and 10 director
positions. The majority of the affected positions are based at the company's
headquarters in Ann Arbor.
Specifically, Borders Group has eliminated the role of Executive Vice
President ... |
| | | Jan.13.09 | Mick McGuire Appointed Borders Group Chairman; Mike Archbold Named Lead Director| Former Chairman Larry Pollock Remains Director
ANN ARBOR, Mich., Jan. 13 /PRNewswire-FirstCall/ -- Borders Group today
announced that Richard "Mick" McGuire, 32, has been appointed non-executive
Chairman of the company's Board of Directors, effective today. He replaces
Larry Pollock, 61, who has been non-executive Chairman since July 2006 and has
been a Director since August 1995. Pollock will remain on the Board as a
Director.
McGuire joined the Board in Januar... |
| | | Jan.05.09 | Borders Group Announces Management Changes Including New CEO; Holiday Sales Results Also Reported| ANN ARBOR, Mich., Jan. 5 /PRNewswire-FirstCall/ -- 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 ago, has been appointed President and
Chief Executive Officer and will serv... |
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