Borders: Good News (Comp Sales Up), Bad News (Losses Ever Bigger) At least Borders is selling more books. Same-store superstore sales of $616 million were up 1.1 percent on a comp basis, while Walden store comps were up 3.6 percent at $110 million, and international comp sales rose 7.8 percent (thank you weak dollar/strong Asia). But they continue to lose more money than Wall Street dared to expect, dropping $39 million in net operating losses, or 66 cents a share, compared to $33 million a year ago. The total net loss is much more impressive at $161 million, though, including […]
