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Encyclopedia > Borders Group
Borders Group, Inc.
Type Public (NYSE: BGP)
Founded 1971 (Ann Arbor, Michigan)
Headquarters Ann Arbor, Michigan
Key people George L. Jones, CEO & Chairman
Edward Wilhelm, CFO
Industry Retail (Specialty)
Products Books, Maps, CDs, DVDs, Calendars, Zunes, Gift Packs, Magazines, Board Games, Encyclopedias
Revenue $3.903 billion USD (2004)
Employees 35,000
Subsidiaries Borders UK Ltd(17% Stake)
Paperchase
Website www.bordersgroupinc.com

Borders Group (NYSEBGP) is an international bookseller based in Ann Arbor, Michigan. Borders is (as of 2005) the second-largest bookstore chain in the United States (after Barnes & Noble), selling a wide variety of books, CDs, DVDs, periodicals, as well as gifts and stationery. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Ann Arbor redirects here. ... Ann Arbor redirects here. ... Drawing of a self-service store. ... [1]#redirect Book ... See map for the navigational aid The acronym MAPS could refer to: Multidisciplinary Association for Psychedelic Studies Mail Abuse Prevention System Multi-jurisdictional Automated Preclearance System Mid-Atlantic Percussion Society Medical Advanced Pain Specialists Monitoring Avian Productivity and Survivorship Multidisciplinary Academic PerspectiveS Metropolitan Area ProjectS Category: ... CD may stand for: Compact Disc Canadian Forces Decoration Cash Dispenser (at least used in Japan) CD LPMud Driver Centrum-Demokraterne (Centre Democrats of Denmark) Certificate of Deposit ÄŒeské Dráhy (Czech Railways) Chad (NATO country code) Chalmers Datorförening (computer club of the Chalmers University of Technology) a 1960s... DVD (also known as Digital Versatile Disc or Digital Video Disc - see Etymology) is a popular optical disc storage media format. ... For other uses, see Calendar (disambiguation) A page from the Hindu calendar 1871–1872. ... This article is about the digital media brand. ... This article is about the magazine as a published medium. ... A board game is any game played with a premarked surface, with counters or pieces that are moved across the board. ... 1913 advertisement for Encyclopædia Britannica. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... USD redirects here. ... This article is about work. ... A subsidiary, in business, is an entity that is controlled by another entity. ... A website (alternatively, web site or Web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or more web servers, usually accessible via the Internet. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Ann Arbor redirects here. ... This article is about the U.S. State. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... A typical Barnes & Noble bookstore. ... [1]#redirect Book ... CD redirects here. ... DVD (also known as Digital Versatile Disc or Digital Video Disc - see Etymology) is a popular optical disc storage media format. ... This article is about the magazine as a published medium. ...


Borders owns a majority stake in Paperchase Products Limited, a leading gifts and stationery retailer in the United Kingdom, and showcases their products in their stores, as well as Books etc., Borders' other, mostly London-based bookshop chain. In 2004, Borders reached an agreement with Starbucks subsidiary Seattle's Best Coffee to operate the cafes in its domestic superstores under the Seattle's Best brand name. For other uses of Starbuck, see Starbuck. ... Seattles Best Coffee is a specialty coffee retailer and wholesaler based in Seattle, Washington, USA. It became part of Starbucks Corporation on July 14, 2003. ...


As of 2007, there are more than 500 Borders stores in the United States, and around 500 Waldenbooks and Borders Express stores, mainly in U.S. malls and airports.

Contents

History

Beginnings

The original Borders bookstore was located in Ann Arbor, Michigan, where it was founded in 1971[1] by brothers, Tom and Louis Borders during their undergraduate and graduate years at the University of Michigan. The Borders brothers' inventory system tailored each store's offerings to its community. A sister company, Book Inventory Systems (1976-1994), was founded to serve as a wholesaler for, and provide the brothers' custom inventory system to, regional independent bookstores such as John Rollins, Thackeray's, Schuler Books, and Joseph-Beth Booksellers. Until Borders Superstore expansion occurred in the early 1990s, BIS serviced more independent stores than Borders stores. Former Hickory Farms president Robert F. DiRomualdo was hired in 1989 to expand the company. Ann Arbor redirects here. ... The University of Michigan, Ann Arbor (U of M, U-M, UM or simply Michigan) is a coeducational public research university in the state of Michigan. ...


The first Borders bookshop, with a meager stock of used books, was located in two rooms above 209 State Street, north of the State Theater. From there the brothers soon moved, briefly, to a tiny ground floor + mezzanine operation in the Maynard House apartment building, on the SW corner of William and Maynard streets. In 1971 they bought out the stock of Wahr's, an 80-year-old bookstore which was ending business at 316 South State, and moved into that location. Wahr's had been mainly a textbook and school supplies vendor, but the brothers did not deal in textbooks. Soon after the move back to State Street, they switched entirely from selling used books to new ones, and then leapt at the chance to occupy much larger quarters that had become available across State Street, in the former location of the Wagner & Son men's clothing store. This site, 303 S. State, is now part of the Steve & Barry's sportswear chain. Steve & Barrys is an American retail clothing chain, featuring casual apparel. ...


Kmart and Waldenbooks

Borders was acquired in 1992 by Kmart, which had acquired mall-based book chain Waldenbooks eight years earlier in 1984. Kmart had struggled with the book division, having first tinkered with the assortment, and later with discounting. In the Borders acquisition, Kmart merged the two companies in hopes the experienced Borders senior management could bail out floundering Waldenbooks [citation needed]. Instead, much of the Borders senior management team fled the company, leaving an even larger and more unwieldy division for Kmart executives to handle, on the heels of aggressive expansions by rivals Barnes & Noble and Crown Books. Giving up on the division entirely in 1995, at the beginnings of its own fiscal problems and under intense pressure from stockholders, Kmart allowed Borders to buy itself out through a highly-structured stock-purchase plan. The newly liberated company was initially called "Borders-Walden Group", but had changed its name to the "Borders Group" by the end of the year. For the Australian department store chain, see Kmart Australia. ... Waldenbooks, operated by the Walden Book Company, Inc. ... A typical Barnes & Noble bookstore. ... Books-A-Million Inc. ...


International expansion

In 1997, the company established its first international store in Singapore, occupying 32,000 square feet (3,000 m²) in Wheelock Place, Orchard Road, which was then the largest bookstore there. It has since opened another 41 stores in the United Kingdom, Ireland, Australia, and New Zealand, and bought 35 Books etc. stores throughout Britain from Philip and Richard Joseph. Wheelock Place is a shopping mall on Singapores Orchard Road. ... Orchard Road is lit up elaborately nearer the end of every year for the Christmas festive season. ...


In 1998, Borders (UK) Ltd. was established as a Borders Group subsidiary and is now one of the country's leading booksellers over its Borders and Books etc. brands. However, due to the fierce competition in the UK marketplace, a number of these Books etc. stores will be closed and will be replaced by larger Borders stores in retail parks on the edge of town. In Q3 2006, the Singapore store emerged as the best performing amongst the entire group's 559 outlets, with the highest revenue generated per Square feet[2]. The highest grossing store in US territory is located in Puerto Rico which was recently remodeled and expanded.[citation needed]


Franchise stores

Flagship store in Ann Arbor, Michigan.
Flagship store in Ann Arbor, Michigan.
The Borders Book and Music store at Kennedy Mall, Dubuque, Iowa.
The logo for Borders (UK) Ltd. now owned by Risk Capital Partners, note it incorporates the Books etc. brand name, a brand purchased by Borders which they continue to use for some UK stores

In April 2005, Borders Group opened its first franchise store with Malaysia's Berjaya Books Sdn. Bhd. in Kuala Lumpur. It is located in Berjaya Times Square, which is the world's biggest mall built in a single phase, with 7,500,000 square feet (700,000 m²). The store in Berjaya Times Square was advertised as being the world's biggest Borders at 60,000 square feet (5,600 m²). After Berjaya Times Square, Borders opened their second store in Malaysia. It was located in The Curve, Mutiara Damansara. The 3rd Borders store opened in Queensbay Mall, Penang on 7 December 2006. Borders opened a franchise store in Mall of the Emirates in Dubai, UAE in October 2006. ImageMetadata File history File links Download high resolution version (2560x1920, 1233 KB) I took this photo myself. ... ImageMetadata File history File links Download high resolution version (2560x1920, 1233 KB) I took this photo myself. ... Ann Arbor redirects here. ... This article is about the U.S. State. ... This is the Borders book store at Kennedy Mall, Dubuque, Iowa. ... This is the Borders book store at Kennedy Mall, Dubuque, Iowa. ... The front of Kennedy Mall. ... Nickname: Location in the State of Iowa Coordinates: , Country State County Dubuque Incorporated 1833 Government  - Type Council-Manager  - Mayor Roy D. Buol  - City manager Michael C. Van Milligen Area  - City 71. ... Berjaya Group Berhad (KLSE: BJGROUP) is one of the most diversified conglomerates in Malaysia and is headed by Tan Sri Dato Seri Vincent Tan Chee Yioun. ... Nickname: Motto: Maju dan makmur (English: Progress and Prosper) Location in Malaysia Coordinates: , Country State Establishment 1857 Granted city status 1974 Government  - Mayor (Datuk Bandar) Datuk Abdul Hakim Borhan From 14 December 2006 Area  - Total 243. ... Berjaya Times Square KL is a building containing a huge shopping centre and two five star hotels located in Kuala Lumpur, Malaysia. ... Mutiara Damansara is a new township in Petaling Jaya, Selangor, Malaysia. ... Queensbay Mall, is a shopping mall in Penang. ... State motto: Bersatu dan Setia (United and Loyal) (formerly Let Penang Lead) State anthem: Untuk Negeri Kita (For Our State) Capital George Town Ruling party Barisan Nasional  - Yang Di-Pertua Negeri Tuan Yang Terutama Abdul Rahman bin Haji Abbas  - Ketua Menteri Tan Sri Dr. Koh Tsu Koon History    - Ceded by...


Changes and controversies

Muhammad cartoon controversy

On March 29, 2006, in response to the controversy over cartoons depicting the prophet Muhammad, Borders Group announced that Waldenbooks and Borders bookstores would not carry the April-May issue of Free Inquiry magazine that contained the controversial cartoons.[3] Borders Group did carry an issue of Harper's the next month which also featured the cartoons. is the 88th day of the year (89th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... The Jyllands-Posten Muhammad cartoons controversy began after twelve editorial cartoons, most of which depicted the Islamic prophet Muhammad, were published in the Danish newspaper Jyllands-Posten on 30 September 2005. ... Free Inquiry is a bi-monthly journal of secular humanist opinion and commentary, published by the Council for Secular Humanism. ... An issue of Harpers Magazine from 1905 Another issue, from November 2004 Harpers Magazine (or simply Harpers) is a monthly magazine of politics and culture. ...


Changes in business plan

In March 2007, Borders Group announced it would scale down the number of Waldenbooks outlets it had by half, to about 300, in the next year.


The company also announced that its marketing alliance with Amazon.com would end. (Amazon had been essentially acting as Borders' online component.) Borders will launch its own web sales site in 2008. [4] Amazon. ...


In March 2007 Borders Group also announced the disposal of its UK and Ireland businesses including its Books Etc. Business in the UK, with the aim of revitalizing the core U.S. business, however it was also announced that Borders Group would retain the Paperchase Stationery Business. However international expansion would be likely to continue via franchising. [5]


In September 2007 it was announced the UK and Ireland business of 42 Borders Stores and 28 Books etc stores had been sold to private equity group Risk Capital Partners for an initial £10m. [6]


Throughout 2007, Borders silently launched a limited test-run of a new concept program. Currently named the Digital Center, this program offers select electronic devices such as MP3 players, digital photo frames, and the Sony Reader. It also offers services such as in-store kiosks for partner websites Ancestry.com and Shutterfly.com, as well as customer CD-burn and download system provided by the Mix & burn company. The Borders Digital Center is currently operating in limited capacity at select locations in Ann Arbor, Michigan, Denver, Colorado, Las Vegas, Nevada, and Noblesville, Indiana. The lastest Borders Digital Center opened in Alameda, California in May 2008.[7] Ann Arbor redirects here. ... Nickname: Location of Denver in the State of Colorado Location of Colorado in the United States Coordinates: , Country United States State State of Colorado City and County Denver[1] Founded 1858-11-22, as Denver City, K.T.[2] Incorporated 1861-11-07, as Denver City, C.T.[3] Consolidated... For further information, see Las Vegas metropolitan area and Las Vegas Strip. ... Noblesville is a city in Hamilton County, Indiana, United States. ... Nickname: Location in the state of California and Alameda County Coordinates: , Country State County Alameda Government  - Mayor Beverly Johnson (D) Area  - Total 23. ...


In late 2007, Borders installed digital video monitors in select stores. The monitors display special programs, as well as news, sports, and financial information provided through Ripple Networks, Inc., a California-based marketing service.[8]


See also

The Borders Book and Music store at the Severance Town Center, Cleveland Heights, Ohio.
The Borders Book and Music store at the Severance Town Center, Cleveland Heights, Ohio.

Image File history File linksMetadata Download high-resolution version (2592x1944, 905 KB) I, the creator of this work, hereby grant the permission to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ... Image File history File linksMetadata Download high-resolution version (2592x1944, 905 KB) I, the creator of this work, hereby grant the permission to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ... Cleveland Heights is a city located in Cuyahoga County, Ohio. ... This is a list of bookstore chains with brick-and-mortar locations. ...

References

  1. ^ By the Book
  2. ^ "S'pore store is Borders' No. 1", The Straits Times (Life!), 15 November 2006, p. 10
  3. ^ Borders, Waldenbooks Won't Carry Magazine
  4. ^ http://www.chicagotribune.com/business/la-fi-earns23.2mar23,0,2794946.story?coll=chi-bizfront-hed
  5. ^ Borders Media Relations
  6. ^ BBC NEWS | Business | Borders sells its UK book stores
  7. ^ Borders Media
  8. ^ Ripple's high-definition screens heading for borders: company can fine-tune videos to chain's different locations | Los Angeles Business Journal | Find Articles at BNET.com

The Straits Times is an English-language broadsheet newspaper based in Singapore, currently owned by the Singapore Press Holdings (SPH). ... is the 319th day of the year (320th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

External links


  Results from FactBites:
 
Excite - (1224 words)
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Borders Group - Wikipedia, the free encyclopedia (474 words)
Borders Group NYSE: BGP is an international bookseller based in Ann Arbor, Michigan.
Borders is a Fortune 500 company, and is (as of 2005) the second-largest bookstore chain in the United States (after Barnes and Noble), selling a wide variety of books, CDs, DVDs, periodicals, as well as gifts and stationery.
The original Borders bookstore is located in Ann Arbor, Michigan, where it was founded in 1971 by brothers Tom and Louis Borders.
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