Avoid This Horror Story

• Report this Comment On August 25, 2009, at 5:49 PM, EditorJim wrote:

  Right now, the superstore comp category is telling the biggest story. -17.9% compared to -13.8% 1st Quarter compared to -6.9% and -5.5% respectively at B&N. This is a *permanent* shift of customers that requires real action, not hiring 5 new VPs to replace 6 laid off VPs (remember when saving money was a priority?) with fancy titles to fool shareholders into thinking they can recover sales to previous numbers with the current business model. "Marketing" won't fix not having inventory on the floor because it's stuck in the back room with no staff to shelve it.

• Report this Comment On August 26, 2009, at 7:49 AM, AlexisMachine wrote:

  I have always just had this bad feeking about Borders every time I've done business with them that something was just noe right about the whole experience it has always felt as if there's something off about the place, I just couldn't put my finger on what it was until I had walked into one recently, had the same strange feeling and that was when it hit me what the problem was and I realized that Borders days are numbered because someone in charge over there cannot seem to grasp the problem that they have being a poorly run, badly managed store in many cases managment seems not even to have a presence in the place and they do not feel welcoming to the customer as Barnes & Noble does from the moment you enter the store. Borders appears to be the victim of a highly placed executive who is simply put a poor retailer of books compared to his competion and to blinded or arrogant to see what should have become plain to a competant manager a long time ago. I don't see how they survive a whole lot longer either.

• Report this Comment On August 31, 2009, at 6:50 AM, markpatel wrote:

  i think borders will turn around

  its got good management

• Report this Comment On September 05, 2009, at 6:48 PM, ikkyu2 wrote:

  Good heavens - are they really paying a 6.9% dividend with these kind of comps? That can't be right.

  Unless, you know, the board sees the writing on the wall and wants to extract maximum value for their pockets before the creditors take over.

  Nah, couldn't happen.. could it?

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