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Ahead Of The Bell: Borders To Report 1Q Results

Stock quotes in this article: BGP  

PORTLAND, Ore. (AP) — Borders Group Inc. is scheduled to report its first-quarter results on Tuesday as the bookseller continues to struggle in a difficult economy.

Ann Arbor, Mich.-based Borders has seen its sales slip for some time as shoppers turned to online and discount retailers like Amazon.com. The recession compounded the problem, with shoppers cutting back on discretionary purchases like books and music.

Borders' profit for the fourth quarter, usually its strongest, dropped 54 percent because of a one-time charge and dismal sales during the holiday season. ...

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