Borders Group Inc.

Public Company, Headquarters Location
100 Phoenix Dr., Ann Arbor, MI 48108-2202, United States
(734)477-1100, http://www.bordersgroupinc.com

Primary SIC: Book Stores, Primary NAICS: Book Stores
Description: The original Borders Bookstore was founded in 1971 by Tom and Louis Borders. The Borders Group, Inc. comprises Walden Book Company and Borders, Inc. In 1984, Kmart purchased Waldenbooks. In 1992, Kmart acquired Borders and formed the Borders-Walden Group. The group was renamed Borders Group, Inc. in 1995. Headquartered in Ann Arbor, Michigan, the company is the second largest operator of book, music and movie superstores and the largest operator of mall-based bookstores in the world based upon sales and number of stores. As of February 2, 2008, the company had 541 superstores under the Borders name, including 509 in the United States, 22 in Australia, five in New Zealand, three in Puerto Rico and two in Singapore. It also had 490 mall-based and other bookstores, including stores operated under the Waldenbooks, Borders Express and Borders Outlet names, as well as Borders-branded airport stores. The company also owned and operated United Kingdom-based Paperchase Products Limited, a designer and retailer of stationery, cards and gifts. As of February 2, 2008, Paperchase operated 112 stores, primarily in the United Kingdom, and Paperchase shops have been added to 319 domestic Borders superstores. The company reports in four segments: Borders Press, Waldenbooks, State Street Press and Inside Borders. More

Retail: Book and music store chains. Finance: Holding company.