barnes- has acquired Borders for an undisclosed amount. Borders, headquartered in Ann Arbor, Michigan, is a publicly held company with annual sales exceeding $3.9 billion. It operates just under 800 Borders and Waldenbooks stores across the country and throughout the world, supported by more than 19,500 dedicated employees.
Borders engages customers with a rich shopping experience, offering a place to discover new releases and reconnect with old favorites across books, music, and movies. Its diverse retail formats include Borders Superstores, smaller-format Borders Express and Waldenbooks stores, Borders Airport Stores, and international locations, all focused on providing knowledge and entertainment.
This acquisition is set to consolidate barnes-'s position in the retail book and entertainment sector. Borders' extensive retail footprint and its established approach to customer engagement are expected to complement barnes-'s operations. The combination is anticipated to yield efficiencies in retail operations, supply chain management, and distribution channels, leveraging the collective expertise of both entities.
The integration of Borders into barnes- will create a more expansive retail presence, offering customers a broader selection of knowledge and entertainment products. The combined entity will focus on delivering engaging customer experiences and fostering a passion for books, music, and movies across its expanded network of stores worldwide.