After yet another quarter of disappointing results, Borders cfo Mark Bierley took the lead in the company’s conference call in explaining their latest strategy towards “improving profitability” (which begs the question of how you can improve something that doesn’t exist). Since “a number of stores are dilutive to our EBITDA” they “intend to aggressively pursue lease buyouts from these stores. The buyout on these leases would, based on our assumptions, positively impact our long-term bottom line.” They also have a “comprehensive audit program” that’s “designed to reduce” losses from shoplifting, particularly in “stores that have historically seen high levels of […]
