Jump to Borders : Alerts;
• Borders is the second-largest American bookstore chain, retailing books and music worldwide.
• The big box nature of Borders compounds urban sprawl and its size puts the survival of independent booksellers at risk.
• Go Green and build a sustainable economy by supporting local used and new bookstores.
-- Profile Updated 06/30/2010
Borders Group sells books and music in more than 1,240 retail stores, including 525 Borders and more than 650 Waldenbooks throughout the US and in the UK, Austalia, New Zealand, Puerto Rico, and Singapore. In addition the company sells materials through it online operations and has international operations in three other countries. Headquartered in Ann Arbor, Michigan, Borders employs 35,500 people and reported revenues of $4.079 billion in FY 2006.
Borders, Inc. - Ann Arbor, MI
- Walden Books Inc. - Ann Arbor, MI
Ann Arbor, MI 48108-2202 USA
Ethics and Governance
In 2004, Gregory P. Josefowicz President and CEO of Borders made $1,205,897 in total compensation including stock option grants from the company. Josefowicz has another $6,339,313 in unexercised stock options from previous years.
-- AFL-CIO, 04/05/2006
In October 2001 Barnes and Noble and Borders were ordered to pay $2.35 million each to settle an antitrust lawsuit filed by the American Booksellers Association, a trade group representing independent booksellers. The suit alleged that the national book retailers used their clout with publishers to secure cheaper prices and preferential treatment. The ABA claims the chains threaten the survival of independent bookstores, especially in California, where both chains have focused much of their expansion. Independent booksellers claim they fear that the chains will eventually shut them down and are, therefore, reluctant to take risks with authors who are of less commercial but greater critical appeal, restricting their selection of books.
-- Entertainment Law Reporter, 10/01/2001
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