Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


1

Borders Cans Top Brass After Dismal Holiday Season

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

Share

(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)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
1 comment
VIEWING:
 
vendetta
Jan 6, 09 7:03 AM CST
Heres an idea, stop charging 35.00 for a fucking book! Reply
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

8 Stories

Palin Memoir a Gift to Booksellers

Going Rogue likely to continue trend of hits from right-wing figures

Oct 15, 09 2:39 PM CDT
(Newser) - Sarah Palin’s memoir is expected sell so well that it will singlehandedly boost the fortunes of the ailing book business. The book is already topping preorder lists, and publisher Harper plans an extensive slate of promotional appearances to make full use the former Alaska governor's drawing power. "They... More »

MORE ABOUT:
Alaska • Republican • conservative • publishing • memoir • author • Michelle Malkin • HarperCollins • Borders • Glenn Beck • book • Sarah Palin • Amazon.com • publishing industry • Going Rogue

Storms Threaten to Wipe Out Retailers' Last Hopes

Double whammy for desperate stores struggling to sell in last holiday week

Dec 21, 08 5:26 AM CST
(Newser) - Retailers were extending hours and cutting prices deeper in a last-ditch attempt to attract a final wave of holiday shoppers and mitigate the impact of major storms in the Midwest, Northwest and Northeast, Reuters reports. Some two-thirds of shoppers still have holiday shopping left to do, according to surveys, but... More »

MORE ABOUT:
shopping • retail sales • holiday shopping • discounts • holiday sales • winter storms

(Newser) - Naughty or nice, America’s retail stores can’t look forward to two of the holiday season’s usual boons: gift card sales and “self-gifting” splurges, MarketWatch reports. About 44% of shoppers say they will not buy gift cards this year, up from 26% last year, a marketing study... More »

MORE ABOUT:
retail • retail sales • holiday shopping • gift • holiday sales • gift card • economy

8 Stories


More on the shakeup
Publishers Weekly

Borders trading so low it could be delisted from NYSE
TheStreet


Business 
TwitterFollow @NewserBusiness on Twitter

 
restructuring • Borders • retail sales • book • holiday sales • shakeup

from our news partners