Loss for Borders as sales drop again

first_img Loss for Borders as sales drop again Wednesday 1 September 2010 7:59 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoBetterBe20 Stunning Female AthletesBetterBeUndo KCS-content Share Show Comments ▼ whatsappcenter_img Tags: NULL Borders yesterday reported a quarterly loss as the second-largest US book store chain cut prices and continued to grapple with lower sales amid a shift to electronic books.Like its larger bricks-and-mortar rival Barnes & Noble, Borders has had to contend with fierce competition from the likes of Amazon.com whose Kindle, introduced in 2007, has helped it garner a commanding position in the growing digital books market.But Borders has been much slower than Barnes & Noble, which introduced its Nook e-reader last year, to attack the e-books market and only launched its own e-bookstore in early July. Borders’ sales fell 11.5 per cent to $526.1m for the quarter to the end of July. Sales at its superstores open at least a year, or same-store sales, fell 6.8 per cent, which follows a 17 per cent decline in the year-ago quarter.The retailer said sales on its website had risen 56.2 per cent to $15.5m but that represents just three per cent of sales. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more