03 Sep 2010 01:58:35
Borders Group Inc., the No. 2 traditional U.S. bookseller, reported a slightly wider loss in the second quarter as revenue fell 12 percent because of weak book sales.
THE GOOD: Online revenue rose 56 percent, and the company's bargain and cafe segments had positive revenue in stores open at least a year.
THE BAD: Debt rose 3 percent to $262.1 million at the end of the quarter. Revenue in stores open at least one year fell 6.8 percent overall on lower transaction sizes.
THE GOOD: Online revenue rose 56 percent, and the company's bargain and cafe segments had positive revenue in stores open at least a year.
THE BAD: Debt rose 3 percent to $262.1 million at the end of the quarter. Revenue in stores open at least one year fell 6.8 percent overall on lower transaction sizes.
