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Borders Group (BGP)

 
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Author Borders Group (BGP)
HenryTo
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Location: Houston, Texas & Los Angeles, California
PostPosted: Thu Mar 20, 2008 11:38 am    Post subject: Borders Group (BGP) Reply with quote
Company puts itself up for sale - gets "backstop" financing from Pershing Square (Bill Ackman, who already holds a sizable stake in the company) - fearing a liquidity crunch and a slowing economy going forward:

http://stlouis.bizjournals.com/stlouis/stories/2008/03/17/daily60.html?ana=yfcpc
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HenryTo
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Location: Houston, Texas & Los Angeles, California
PostPosted: Fri Jun 13, 2008 7:40 pm    Post subject: Reply with quote
Interestingly, Ackman now calling for Amazon to acquire Borders:

http://dealbook.blogs.nytimes.com/2008/06/13/ackman-urges-borders-to-consider-sale-to-amazon/
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HenryTo
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PostPosted: Wed May 28, 2008 2:31 am    Post subject: Reply with quote
Borders ditches Amazon as its web-retailing platform in a last-ditch effort to drive sales. I am a Borders Rewards member and will no doubt try the website out over the next few days:

http://www.technologyreview.com/Wire/20829/?nlid=1101

Quote:
Like Amazon.com and Barnes & Noble's Web site, Borders will offer free shipping on some orders over $25. But Borders also offers free shipping to its stores, where shoppers will be able to pick up a box containing their order about two days after buying. Ertell says the company expects this option to be popular in urban areas, for example, where people might not want a package left outside their home.

Shoppers enrolled in the Borders Rewards loyalty program, which includes about 26 million members, will be able to redeem rewards online -- something they couldn't do on the Amazon-partnered site -- as well as click on weekly e-mails to buy books, CDs and DVDs. The site also will offer used, out-of-print and rare titles.
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