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Borders Cans Top Brass After Dismal Holiday Season

Bookseller reports 12% drop over '07, replaces CEO, others

By Harry Kimball,  Newser Staff

Posted Jan 5, 2009 4:00 PM CST

(Newser) – Borders will immediately restructure top management to counter a steep slide in sales, the Ann Arbor News reports. CEO George Jones has been replaced with Ron Marshall, a turnaround expert with book experience. Other top spots were shuffled to veterans of the Michigan-based company. The bookseller announced today that its holiday sales were off almost 12% compared with last year.

The exterior of a Borders bookstore in Sunnyvale, Calif.
The exterior of a Borders bookstore in Sunnyvale, Calif.   (AP Photo)
Shoppers leave a Borders book store in Boston.
Shoppers leave a Borders book store in Boston.   (AP Photo)
A woman reads in a Borders in New York.
A woman reads in a Borders in New York.   (AP Photo)
Now-former Borders Group CEO George Jones.
Now-former Borders Group CEO George Jones.   (AP Photo)
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COMMENTS
Showing 1 of 1 comment
vendetta
Jan 5, 2009 7:03 PM CST
Heres an idea, stop charging 35.00 for a fucking book!

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