Borders Group, Inc. (BGP) said Monday that total consolidated sales for the 11-week holiday period ended January 16 were $846.8 million, a 13.7% decrease compared to the same period last year.
Within the Borders superstore segment, total sales for the period fell 14.7% year-over-year to $649.2 million. Same-store sales at Borders superstores declined 14.6%.
The company said it reduced promotional spending in December, and as a result, gross margins for the month improved 130 basis points compared to a year ago.
Within the Waldenbooks Specialty Retail segment, total sales for the holiday period dropped 14.6% to $153.2 million. Same-store sales for Waldenbooks stores that will remain open beyond the end of this month declined 9.4%.
Excluding currency impact, total International segment sales for the period fell 8.7% to $44.4 million. Same-store sales at Paperchase stores outside the U.S. increased by 10.1% for the period.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.