In advance of Thursday morning’s court hearing on liquidation plans, Borders filed its operating report for the month of June. The company reported total revenue of $90.1 million (of which $86.6 million were sales) and an operating loss of $20.6 million, of which $19 million was due to reorganization costs. Also, current and former executives Scott Henry, Glen Tomaszewski, and Michele Cloutier each received $50,000 in bonuses. Monthly Report Borders also responded to 99 objections from creditors in a separate filing on Wednesday, calling those objections “irrelevant” since they don’t intend to carry on contracts with business partners and landlords […]
