Print View

Borders loses $328 Million

In July

Published: 08/24/2011 04:18am
Borders filed its monthly report with the bankruptcy court, revealing that it lost $328 million in the month of July, a new record for the liquidating chain (see “Bye Bye Borders”).  The losses came primarily from writing down the value of the company’s inventory and its long-lived assets.  The company had sales of $94.7 million in July. 
Borders had $114.5 million in cash and $208.5 million in inventory at the end of the month.
'VS. System' Release Scheduled
Game Returning in 2015
Upper Deck confirms return of game for 2015.