Sales Nudge Up at Borders, But Profits Suffer Poor Borders. They actually outperformed their peers in their fiscal first quarter by showing a small comparable-store sales gain at their domestic superstores of 0.7% (compared, albeit, to a weak quarter a year ago). But losses were higher than anticipated, at 29 cents a share, due to “costs related to strategic initiatives combined with a challenging sales environment… especially in the U.K. and at Waldenbooks stores, but also at domestic Borders superstores late in the quarter.” Those strategic initiatives were supposed to be adding to profits already, but in today’s release, the […]
