Better Bad News for Borders Borders’ bad quarter was a little less bad than forecast. Their big loss of $39 million was in line with analysts’ expectations and the company’s own guidance, while sales of $852 million were higher than Wall Street was prepared for. Most importantly, same-store superstore sales (comprising $583 million) actually rose 1.8 percent, rather than falling as projected. In remodeled stores, “the cafe and gifts and stationery categories were the strongest performers.” International sales were $144.6 million, up almost 15 percent, as same-store sales fell 0.3 percent — good in comparison to the other ailing book […]
