Comps Down at Other Chains; Bigger Loss for Borders Borders’ first quarter loss was twice as bad as this time last year at $0.61 per share or $35.9 million, and it was 13 cents more than analysts were expecting as well. Sales held up better, at $876.8 million, though same-store sales at the superstores were down 1.9 percent, comprising $615 million. Walden comps were down 1 percent, at $108 million, and comps at the international stores fell 2.5 percent. The company closed 11 Waldens in the quarter. Gross margin fell to 22.4 percent, “due primarily to increased promotional discounts, de-leveraging […]
