The Power of Retail

Barnes & Noble is making a serious plans to take over Borders bookstore, after the latter announced in March 2008 that it would be putting itself for sale. In a statement issues by Borders, the company stated that it was “in the midst of the strategic alternatives process and has not engaged in substantive discussions regarding any specific transaction to date.” The major source of competition for booksellers has been discounters such as Wal-Mart and Amazon lately.

Analysts surveyed by Thomson Financial expected a profit of 5 cents per share on revenues of $1.17 billion. The estimates typically exclude one-time items. The company reported that same-store sales, or sales at stores open at least a year, declined 1.5 percent in the period.

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