In one of the filings related to their bankruptcy today, Borders provided a snapshot report on full-year sales, even though they have not formally reported those results yet. Sales for the fiscal year ending January 29, 2011 were “approximately $2.3 billion”–from which we deduce sales for the year fell roughly 14.5 percent compared a year ago, when they recorded sales of just under $2.7 billion. An estimate of fourth quarter results based on the three other quarters already disclosed shows that a bad situation got worse during the best sales time of the year. Fourth quarter sales were roughly $761 […]
