Borders reported second quarter sales of $526 million, down 11.5 percent from a year ago (when sales were down 17.7 percent compared to 2008–when sales were also down.) For a little perspective, sales in this quarter were $617 million in 2009; $749 million in 2008; and $945 million in 2007. The loss from continuing operations (to reflect the sale of Paperchase) was another $51.6 million, or 74 cents a share (perilously close to what shares themselves trade for), worse than $45.1 million a year ago. The operating loss of $37.7 million was also worse than the $25.7 million recorded a […]