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Monday, January 25, 2010

Outlook for Waldenbooks / Borders is Bleak


2009 Store closures: 110 (Q4 2008 to Q3 2009)
Outook: Amazon.com continues to wreak havoc on traditional booksellers. The Borders unit says it will close an estimated 200 stores during the three months ending January 31, for a total of roughly 300 Waldenbooks stores over the past 13 months, close to 70 percent of all outlets. Retail analysts at Davidowitz & Associates give Borders Group, plagued with losses three years running, a 50-50 chance of survival.

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