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Borders, BAM Post Double-Digit Gains in Second Quarter.(sales increases for the second quarter of 1999)(Brief Article)
THE BORDERS GROUP and Books-A-Million both reported double-digit sales increases for the second quarter and six-month period ended July 31, 1999.
Second-quarter sales at Borders Group rose 15.6% to $631 million, led by a 24.8% increase in sales at Borders superstores to $423.8 million. The gain was due to an increased number of stores as well as a 4.4% increase in comparable-store sales. During the quarter, 11 domestic superstores and one international outlet were opened. Sales at Waldenbooks fell 1% to $184.4 million as same-store sales fell 1.9%. Eight new Walden outlets were opened and six closed in the quarter. Sales in the company's international business, which …
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