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Extended Company Profile:
Borders Group (NYSE: BGP) is an international bookseller based
in Ann Arbor, Michigan. Borders is a Fortune 500 company, and is (as of
2005) the second-largest bookstore chain in the United States (after
Barnes & Noble), selling a wide variety of books, CDs, DVDs,
periodicals, as well as gifts and stationery.
Borders owns a majority stake in Paperchase Products Limited, a leading
gifts and stationery retailer in the United Kingdom, and showcases their
products in their stores, as well as Books etc., Tim Waterstone's other,
mostly London-based bookshop chain. In 2004, Borders reached an
agreement with Starbucks subsidiary Seattle's Best Coffee to operate the
cafes in its domestic superstores under the Seattle's Best brand.
As of 2006, there are about 500 Borders stores in the United States, and
around 700 Waldenbooks and Borders Express stores in U.S. malls.
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