Over at Borders, sales for the quarter fell 12.7 percent, at $595.5 million, with an operating loss of $39 million that was equal to last year’s deficit. (Their adjusted EBITDA loss of $34.2 million was higher than the $25.5 million a year ago.) The same-store sales declines were almost as brutal as the overall drop: superstore comps were down 12.1 percent (and still down 8.1 percent excluding multimedia), while Walden comps were down 12.7 percent. Total superstore sales were $492 million (down 12.1 percent), with Walden sales of $73 million down 20.3 percent from fewer stores. Calling the results “both […]
