Waldenbooks to Become Smaller, More Profitable Chain in 2010 as Number of Stores Will Be Reduced by Approximately 200 in January
Borders Group Intensifies Ongoing Strategy to Right-Size Mall Operation; Today's Announced Mall Store Reduction Does Not Include Borders Superstores or Seasonal Mall Kiosk Business
ANN ARBOR, Mich., Nov. 5 -- As part of Borders Group's ongoing strategy to right-size its Waldenbooks Specialty Retail segment and emerge with a smaller, more profitable mall chain in fiscal 2010, the retailer will close approximately 200 mall stores in January, leaving approximately 130 mall-based locations open. A list of mall stores expected to close is included in this news release and has been posted at www.borders.com/waldenstorelist. The list is not final and is subject to change pending finalization of agreements over the coming weeks. Importantly, today's announcement regarding the mall business does not include Borders superstores or the company's seasonal mall kiosk business, which includes over 500 Day by Day Calendar Co. units, among other mall-based retail concepts.
"America has a number of malls that continue to do well and draw customer traffic even in the current economy," said Borders Group Chief Executive Officer Ron Marshall. "We believe there remains an opportunity to profitably operate a much smaller Waldenbooks segment that complements our core Borders superstore business and continues to serve readers in their communities. Through this right-sizing, we will reduce the number of stores with operating losses, reduce our overall rent expense and lease-adjusted leverage and generate cash flow through sales and working capital reductions."
As long as the stores remain open, all will honor previously purchased gift cards, and gift cards can continue to be used in any Borders or Waldenbooks location or online at Borders.com. There will be no change in member status for customers who joined the Borders Rewards customer loyalty program at locations slated to close.
Stores that remain open will be integrated into the Borders superstore computer system, an investment Borders Group is making to merge all stores to a single platform. This is expected to produce operating efficiencies as well as benefits for mall shoppers, including enhanced store staff capabilities to search for and fulfill customer requests.
With the store closings in January, approximately 1,500 positions--the majority of which are part-time jobs--will be eliminated. Employees have been informed of the right-sizing plan and efforts will be made to place qualified individuals in other positions within Borders Group. Displaced employees will receive severance.
The mall-based right-sizing initiative has been ongoing at Borders Group for a number of years as the retailer has closed underperforming Waldenbooks Specialty Retail stores annually as part of its overall turnaround strategy. The company shuttered 112 stores in the segment in fiscal 2008 and from fiscal 2001 through 2007, closed an average of 66 stores per year within the Waldenbooks Specialty Retail segment.
About Borders Group, Inc.
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 25,000 throughout the U.S., primarily in its Borders® and Waldenbooks® stores. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/bordersmedia and youtube.com/bordersmedia. For more information about the company, visit borders.com/media.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these forward-looking statements by the use of words such as "expect," "planning," "possibility," "opportunity," "goal," "will," "may," "intend," "anticipates" and other words of similar meaning. One can also identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address matters such as the company's future financial condition and performance (including earnings per share, the profitability of Waldenbooks, liquidity, sales, inventory levels and capital expenditures), its cost reduction initiatives and plans for store closings and the expansion of product categories. These statements are subject to risks and uncertainties that could cause actual results and plans to differ materially from those included in the company's forward-looking statements.
These risks and uncertainties include, but are not limited to, consumer demand for the company's products, particularly during the holiday season, which is believed to be related to general economic and geopolitical conditions, competition and other factors; the availability of adequate capital--including vendor credit--to fund the company's operations and to carry out its strategic plans; adverse litigation results or other claims and the performance of the company's information technology systems.
The company's periodic reports filed from time to time with the Securities and Exchange Commission contain more detailed discussions of these and other risk factors that could cause actual results and plans to differ materially from those included in the forward-looking statements, and those discussions are incorporated herein by reference. The company does not undertake any obligation to update forward-looking statements.
Anticipated Waldenbooks Specialty Retail Store Closure List
For general information purposes, Borders Group has provided the anticipated Waldenbooks Specialty Retail store closure list below.
These stores are expected to close by the end of January 2010. The list is not final and does not create any obligation by Borders Group with respect to the closure of any specific store. This list is based on currently available operating, financial and competitive information. Actual store closures may differ depending on a variety of factors including, but not limited to, risks related to finalization of third-party agreements, expected cost savings, income tax and other benefits associated with the store closures in the anticipated time frame, if at all. Borders Group undertakes no obligation to notify third parties of such changes.
Waldenbooks Specialty Retail Store Closing List
STATE/CITY STORE TYPE CENTER ADDRESS
Alaska
KETCHIKAN WALDENBOOKS PLAZA PORT WEST 2417 TONGASS AVE
Alabama
JASPER WALDENBOOKS JASPER MALL 300 HIGHWAY 78 EAST
Arkansas
FORT SMITH WALDENBOOKS CENTRAL MALL 5111 ROGERS AVENUE
PINE BLUFF WALDENBOOKS THE PINES MALL 2901 PINES MALL RD
Arizona
MESA WALDENBOOKS FIESTA MALL 1445 W. SOUTHERN AVE
TEMPE BORDERS OUTLET ARIZONA MILLS 5000 ARIZONA MILLS CIR
California
CARLSBAD BORDERS EXPRESS PLAZA CAMINO REAL 2525 EL CAMINO REAL
CHULA VISTA BORDERS EXPRESS CHULA VISTA 555 BROADWAY
SHOPPING CENTER
CLOVIS BORDERS EXPRESS SIERRA VISTA MALL 1050 SHAW AVENUE
CONCORD BORDERS EXPRESS SUN VALLEY MALL 460 SUN VALLEY MALL
CULVER CITY BORDERS EXPRESS FOX HILLS MALL 6000 SEPULVEDA BLVD
HAYWARD BORDERS EXPRESS SOUTHLAND MALL ONE SOUTHLAND MALL DR
HEMET WALDENBOOKS HEMET VALLEY MALL 2200 W FLORIDA AVE
LANCASTER WALDENBOOKS LANCASTER COMMERCE 1100 W AVENUE K
CENTER
LOS ANGELES BORDERS EXPRESS MACY'S PLAZA 700 W. 7TH ST
ORANGE BORDERS EXPRESS VILLAGE AT ORANGE 1500 EAST VILLAGE WAY
TEMECULA BORDERS EXPRESS PROMENADE MALL 40820 WINCHESTER ROAD
WESTMINISTER BORDERS EXPRESS WESTMINSTER MALL 1051 WESTMINSTER MALL
Connecticut
DANBURY WALDENBOOKS DANBURY FAIR MALL 7 BACKUS AVENUE
Florida
BOCA RATON WALDENBOOKS TOWN CENTER AT BOCA 6000 GLADES ROAD
RATON
CORAL SPRINGS WALDENBOOKS CORAL SQUARE 9469 WEST ATLANTIC BLVD
CRYSTAL RIVER WALDENBOOKS CRYSTAL RIVER MALL 1801 N.W. HIGHWAY 19
FORT MYERS WALDENBOOKS EDISON MALL 4125 CLEVELAND AVE
HIALEAH WALDENBOOKS WESTLAND MALL 1705 W 49 ST
KISSIMMEE WALDENBOOKS VINE STREET SQUARE 3105 W VINE STREET
LAKELAND WALDENBOOKS LAKELAND SQUARE 3800 US HWY 98 NORTH
ORLANDO BORDERS OUTLET LAKE BUENA VISTA 15657 APOPKA
OUTLET CENTER VINELAND RD
PEMBROKE PINES BORDERS EXPRESS PEMBROKE LAKES MALL 11401 PINES BOULEVARD
PENSACOLA WALDENBOOKS CORDOVA MALL 5100 N NINTH AVE
SANFORD BORDERS EXPRESS SEMINOLE TOWNE 296 TOWNE CENTRE CIRCLE
CENTRE
TAMPA WALDENBOOKS UNIVERSITY MALL 2200 E. FOWLER AVE
VERO BEACH WALDENBOOKS INDIAN RIVER MALL 6200 20TH STREET
Georgia
ALPHARETTA WALDENBOOKS NORTH POINT MALL 1132 NORTH POINT CIRCLE
ATLANTA WALDENBOOKS CNN CENTER ONE CNN CENTER
COLUMBUS WALDENBOOKS PEACHTREE MALL 3153 MANCHESTER RD
MILL CREEK WALDENBOOKS THE MALL OF GEORGIA 3333 BUFORD DR
MILLEDGEVILLE WALDENBOOKS HATCHER SQUARE MALL 2400 N. COLUMBIA ST
VALDOSTA WALDENBOOKS VALDOSTA MALL 1700 NORMAN DRIVE
Iowa
IOWA CITY WALDENBOOKS SYCAMORE MALL 1650 SYCAMORE ST
WATERLOO WALDENBOOKS CROSSROADS CENTER 2060 CROSSROADS BLVD
WEST DES WALDENBOOKS VALLEY WEST MALL 1551 VALLEY WEST DRIVE
MOINES
Illinois
AURORA WALDENBOOKS FOX VALLEY CENTER 2272 FOX VALLEY CENTER
CALUMET CITY WALDENBOOKS RIVER OAKS CENTER 96 RIVER OAKS CENTER
DANVILLE WALDENBOOKS VILLAGE MALL 2917 NORTH VERMILION
GURNEE BORDERS OUTLET GURNEE MILLS 6170 WEST GRAND AVE
JOLIET BORDERS EXPRESS LOUIS JOLIET MALL 3340 LOOP DRIVE
LINCOLNWOOD WALDENBOOKS LINCOLNWOOD TOWN 3333 W. TOUHY AVE.
CENTR
MARION WALDENBOOKS ILLINOIS CENTER 3000 W. DEYOUNG ST.
PEORIA WALDENBOOKS NORTHWOODS MALL 2200 WEST WAR MEMORIAL
DRIVE
STERLING WALDENBOOKS NORTHLAND MALL 2900 E LINCOLNWAY
Indiana
ANDERSON WALDENBOOKS MOUNDS MALL 2109 S SCATTERFIELD ROAD
ELKHART WALDENBOOKS CONCORD MALL 3701 SOUTH MAIN STREET
GREENWOOD WALDENBOOKS GREENWOOD PARK MALL 1251 US 31 NORTH
MARION WALDENBOOKS FIVE POINTS MALL 1129 NORTH BALDWIN AVE
RICHMOND WALDENBOOKS RICHMOND SQUARE 3801 NATIONAL ROAD EAST
Kansas
WICHITA WALDENBOOKS TOWNE WEST MALL 4600 WEST KELLOGG
Kentucky
ASHLAND WALDENBOOKS ASHLAND TOWN CENTER 500 WINCHESTER AVE.
BOWLING GREEN WALDENBOOKS GREENWOOD MALL 2625 SCOTTSVILLE ROAD
Louisiana
ALEXANDRIA WALDENBOOKS ALEXANDRIA MALL 3437 MASONIC DRIVE
BOSSIER CITY BORDERS EXPRESS PIERRE BOSSIER MALL 2950 EAST TEXAS STREET
Massachusetts
BROCKTON WALDENBOOKS WESTGATE MALL 200 WESTGATE DR.
DANVERS WALDENBOOKS LIBERTY TREE MALL 100 INDEPENDENCE WAY
MARLBOROUGH WALDENBOOKS SOLOMON POND MALL 601 DONALD LYNCH BLVD
N. ATTLE- BORDERS EXPRESS EMERALD SQUARE MALL 999 SOUTH WASHINGTON
BOROUGH ST.
SPRINGFIELD WALDENBOOKS EASTFIELD MALL 1655 BOSTON ROAD
Maryland
GAITHERSBURG WALDENBOOKS LAKEFOREST MALL 701 RUSSELL AVENUE
GLEN BURNIE BORDERS EXPRESS MARLEY STATION 7900 RITCHIE HWY
OWINGS MILLS BORDERS EXPRESS OWINGS MILLS 10300 MILL RUN CIRCLE
TOWN CENTER
WHEATON BORDERS EXPRESS WHEATON PLAZA 11160 VIERS MILL ROAD
Michigan
ADRIAN WALDENBOOKS ADRIAN MALL 1357 SOUTH MAIN ST
ALPENA WALDENBOOKS ALPENA MALL 2298 US 23 SOUTH
ANN ARBOR BORDERS EXPRESS BRIARWOOD MALL 636 BRIARWOOD CIRCLE
BIRCH RUN BORDERS OUTLET PRIME OUTLETS 12240 SOUTH BEYER RD
BIRCH RUN
DEARBORN WALDENBOOKS FAIRLANE TOWN 18900 MICHIGAN AVENUE
CENTER
FT GRATIOT WALDENBOOKS BIRCHWOOD MALL 4350 24TH AVE
PORTAGE WALDENBOOKS THE CROSSROADS 6650 SOUTH WESTNEDGE
SAGINAW WALDENBOOKS FASHION SQUARE MALL 4641 FASHION SQUARE
MALL
Minnesota
ST CLOUD BORDERS EXPRESS CROSSROADS CENTER 4101 WEST DIVISION ST
Missouri
KANSAS CITY WALDENBOOKS CROWN CENTER 2450 GRAND BLVD
RICHMOND WALDENBOOKS ST LOUIS GALLERIA 1113 ST LOUIS GALLERIA
HEIGHTS
Mississippi
GAUTIER WALDENBOOKS SINGING RIVER MALL 2800 US HIGHWAY 90
LAUREL WALDENBOOKS SAWMILL SQUARE 910 SAWMILL RD
Montana
KALISPELL BORDERS EXPRESS KALISPELL CENTER 20 N MAIN ST.
MALL
MISSOULA WALDENBOOKS SOUTHGATE MALL 2901 BROOKS ST
North Carolina
ASHEVILLE WALDENBOOKS BILTMORE SQUARE 800 BREVARD RD.
CHAPEL HILL WALDENBOOKS UNIVERSITY MALL 201 S. ESTES DRIVE
GREENSBORO WALDENBOOKS FOUR SEASONS 410 FOUR SEASONS
TOWN CENTRE TOWN CENTRE
HICKORY WALDENBOOKS VALLEY HILLS MALL 1960 HIGHWAY 70 SE
MONROE WALDENBOOKS MONROE MALL 2115-108 ROOSEVELT BLVD
NEW BERN WALDENBOOKS NEW BERN MALL 3134 DR M.L. KING JR
BLVD
SHELBY WALDENBOOKS CLEVELAND MALL 2001-49 EAST DIXON BLVD
WINSTON-SALEM WALDENBOOKS HANES MALL 3320 SILAS CREEK PKWY
North Dakota
GRAND FORKS WALDENBOOKS COLUMBIA MALL 2800 COLUMBIA ROAD
Nebraska
GRAND ISLAND WALDENBOOKS CONESTOGA MALL 3404 W 13TH STREET
KEARNEY WALDENBOOKS HILLTOP MALL 5011 SECOND AVE
NORTH PLATTE WALDENBOOKS THE MALL 1000 S DEWEY STREET
OMAHA BORDERS EXPRESS OAK VIEW MALL 3001 S. 144TH ST.
New Hampshire
CONCORD WALDENBOOKS STEEPLEGATE MALL 270 LOUDON ROAD
NASHUA BORDERS EXPRESS PHEASANT LANE 310 DANIEL WEBSTER HWY
MALL
ROCHESTER WALDENBOOKS LILAC MALL 7 MILTON ROAD
New Jersey
EATONTOWN BORDERS EXPRESS MONMOUTH MALL 180 ROUTE 35 SOUTH
MAYS LANDING BORDERS EXPRESS HAMILTON MALL 4403 BLACK HORSE PIKE
MOORESTOWN BORDERS EXPRESS MOORESTOWN MALL 400 W. ROUTE 38
PARAMUS BORDERS EXPRESS PARAMUS PARK MALL 700 PARAMUS PARK
PHILLIPSBURG WALDENBOOKS PHILLIPSBURG MALL 1200 HWY 22
ROCKAWAY BORDERS EXPRESS ROCKAWAY 301 MT. HOPE AVENUE
TOWNSQUARE
TOMS RIVER WALDENBOOKS OCEAN COUNTY MALL 1205 HOOPER AVENUE
VOORHEES BORDERS EXPRESS VOORHEES TOWN 2120 VOORHEES TOWN
CENTER CENTER
New Mexico
FARMINGTON WALDENBOOKS ANIMAS VALLEY MALL 4601 EAST MAIN
Nevada
LAS VEGAS BORDERS EXPRESS THE FASHION SHOW 3200 LAS VEGAS BLVD
SOUTH
RENO BORDERS EXPRESS MEADOWOOD MALL 5320 MEADOWOOD MALL
CIRCLE
New York
AUBURN WALDENBOOKS FINGER LAKES MALL 1579 CLARK STREET ROAD
BUFFALO BORDERS EXPRESS BOULEVARD MALL 730 ALBERTA DRIVE
HORSEHEADS WALDENBOOKS ARNOT MALL 3300 CHAMBERS ROAD SO.
HUNTINGTON
STATION WALDENBOOKS WALT WHITMAN MALL 160 WALT WHITMAN RD
JOHNSON CITY WALDENBOOKS OAKDALE MALL 635 HARRY L DRIVE
MASSAPEQUA WALDENBOOKS SUNRISE MALL 460 SUNRISE MALL
NEWBURGH BORDERS EXPRESS NEWBURGH MALL 1401 ROUTE 300
RYE RIDGE WALDENBOOKS RYE RIDGE SHOPPING 106 SOUTH RIDGE STREET
CENTER
SCHENECTADY BORDERS EXPRESS ROTTERDAM 93 WEST CAMPBELL RD.
SQUARE MALL
WILLIAMSVILLE BORDERS EXPRESS EASTERN HILLS S/C 4545 TRANSIT RD
Ohio
AKRON BORDERS EXPRESS CHAPEL HILL MALL 2000 BRITTAIN RD
ALLIANCE WALDENBOOKS CARNATION CITY MALL 2500 WEST STATE STREET
ASHTABULA WALDENBOOKS ASHTABULA TOWNE 3045 NORTHRIDGE EAST
SQUARE
COLUMBUS WALDENBOOKS POLARIS FASHION 1500 POLARIS PARKWAY
PLACE
ELYRIA BORDERS EXPRESS MIDWAY MALL 3343 MIDWAY MALL
HEATH WALDENBOOKS INDIAN MOUND MALL 771 S 30TH STREET
JEFFERSONVILLE BORDERS OUTLET PRIME OUTLETS 8000 FACTORY SHOPS
JEFFERSONVILLE BLVD
MARION WALDENBOOKS MARION CENTRE 1445 MARION-WALDO RD
NEW WALDENBOOKS NEW TOWN MALL 400 MILL AVENUE S.E.
PHILADELPHIA
NILES WALDENBOOKS EASTWOOD MALL 5320 YOUNGSTOWN
WARREN RD
NORTH OLMSTED BORDERS OUTLET GREAT NORTHERN BLVD 4650 GREAT NORTHERN
BLVD
NORTH OLMSTED WALDENBOOKS GREAT NORTHERN MALL 5002 GREAT NORTHERN
MALL
PARMA BORDERS EXPRESS PARMATOWN MALL 7793 WEST RIDGEWOOD
DRIVE
SPRINGFIELD WALDENBOOKS UPPER VALLEY MALL 1475 UPPER VALLEY
PIKE
STOW BORDERS EXPRESS STOW COMMUNITY 4248 KENT ROAD
SHOPPING CENTER
STRONGSVILLE WALDENBOOKS SOUTHPARK CENTER 500 SOUTHPARK CENTER
Oklahoma
MUSKOGEE WALDENBOOKS ARROWHEAD MALL 501 NORTH MAIN
OKLAHOMA CITY WALDENBOOKS CROSSROADS MALL 7000 CROSSROADS BLVD
OKLAHOMA CITY WALDENBOOKS QUAIL SPRINGS MALL 2501 WEST MEMORIAL ROAD
TULSA WALDENBOOKS TULSA PROMENADE 4107 SOUTH YALE AVENUE
Oregon
ALBANY WALDENBOOKS HERITAGE MALL 1895 14TH AVE. S.E.
MEDFORD WALDENBOOKS ROGUE VALLEY MALL 1600 N RIVERSIDE
Pennsylvania
ALLENTOWN WALDENBOOKS SOUTH MALL 3300 LEHIGH STREET
ALTOONA WALDENBOOKS LOGAN VALLEY MALL 936 LOGAN VALLEY MALL
CAMP HILL BORDERS EXPRESS CAPITAL CITY MALL 3587 CAPITAL CITY MALL
CHAMBERSBURG WALDENBOOKS CHAMBERSBURG MALL 624 CHAMBERSBURG MALL
CRANBERRY WALDENBOOKS CRANBERRY MALL 6945 US ROUTE 322
EASTON WALDENBOOKS PALMER PARK MALL 145 PALMER PARK MALL
ERIE BORDERS EXPRESS MILL CREEK MALL 5800 PEACH STREET
GROVE CITY BORDERS OUTLET PRIME OUTLETS 1911 LEESBURG-GROVE
GROVE CITY CITY RD
HARRISBURG WALDENBOOKS COLONIAL PARK MALL ROUTE 22 & COLONIAL
ROAD
HAZELTON WALDENBOOKS LAUREL MALL 106 LAUREL MALL
INDIANA BORDERS EXPRESS INDIANA MALL 2334 OAKLAND AVE
KING OF
PRUSSIA BORDERS EXPRESS THE PLAZA AT KING 160 N. GULPH ROAD
OF PRUSSIA
LANCASTER BORDERS OUTLET ROCKVALE OUTLET 35 S. WILLOWDALE DR.
CENTER
LANCASTER BORDERS EXPRESS PARK CITY SHOPPING 828 PARK CITY
CENTER SHOPPING CENTER
NORTH WALES BORDERS EXPRESS MONTGOMERY MALL 268 MONTGOMERY MALL
PHILADELPHIA BORDERS EXPRESS THE GALLERY AT 9TH & MARKET STREETS
MARKET EAST
PHILADELPHIA BORDERS EXPRESS SHOPS AT LIBERTY 1625 CHESTNUT STREET
PLACE
PITTSBURGH WALDENBOOKS SOUTH HILLS VILLAGE 242 SOUTH HILLS VILLAGE
MALL
POTTSVILLE WALDENBOOKS FAIRLANE VILLAGE 7266 FAIRLANE VILLAGE
MALL MALL
SPRINGFIELD BORDERS EXPRESS SPRINGFIELD MALL 1200 BALTIMORE PIKE
@ SPROUL RD
UNIONTOWN BORDERS EXPRESS UNIONTOWN MALL 1368 MALL RUN RD
WASHINGTON BORDERS EXPRESS WASHINGTON CROWN 1500 W. CHESTNUT
CENTER
WEST MIFFLIN BORDERS EXPRESS CENTURY III MALL 3075 CLAIRTON ROAD
WILLOW GROVE BORDERS EXPRESS WILLOW GROVE PARK 2500 MORELAND ROAD
MALL
Rhode Island
WARWICK WALDENBOOKS WARWICK MALL 400 BALD HILL RD.
South Carolina
COLUMBIA WALDENBOOKS COLUMBIANA CENTER 100 COLUMBIANA CIRCLE
GREENVILLE BORDERS EXPRESS HAYWOOD MALL 700 HAYWOOD ROAD
GREENWOOD WALDENBOOKS GREENWOOD MALL 72 BYPASS NORTHWEST
HILTON HEAD WALDENBOOKS MALL AT SHELTER 24 SHELTER COVE LANE
COVE
South Dakota
RAPID CITY WALDENBOOKS RUSHMORE MALL 2200 NORTH MAPLE
Tennessee
KINGSPORT WALDENBOOKS KINGSPORT TOWN 2101 FORT HENRY DR
CENTER
KNOXVILLE WALDENBOOKS KNOXVILLE CENTER 3001 KNOXVILLE CENTER
DR
Texas
BAYTOWN WALDENBOOKS SAN JACINTO MALL 1768 SAN JACINTO MALL
DALLAS WALDENBOOKS VALLEY VIEW CENTER 2092 VALLEY VIEW CNTR
FORT WORTH WALDENBOOKS RIDGMAR MALL 1906 GREEN OAKS BLVD
HOUSTON WALDENBOOKS WILLOWBROOK MALL 1332 WILLOWBROOK MALL
HOUSTON WALDENBOOKS HOUSTON CENTER 1200 MCKINNEY AVENUE
HOUSTON WALDENBOOKS NORTHWEST MALL 9600 HEMPSTEAD RD
LUFKIN WALDENBOOKS LUFKIN MALL 4600 SOUTH MEDFORD
DRIVE
PLANO BORDERS EXPRESS COLLIN CREEK MALL 811 NORTH CENTRAL
EXPRESSWAY
SAN ANTONIO WALDENBOOKS INGRAM PARK MALL 6301 NW LOOP 410
SAN ANTONIO WALDENBOOKS ROLLING OAKS PARK 6909 N. LOOP 1604 EAST
MALL
SAN ANTONIO WALDENBOOKS SOUTH PARK MALL 2310 SW MILITARY DR
SHERMAN WALDENBOOKS MIDWAY MALL 4800 TEXOMA PKWY
TEXAS CITY WALDENBOOKS MALL OF THE 10000 EMMETT F. LOWREY
MAINLAND EXPWY.
VICTORIA WALDENBOOKS VICTORIA MALL 187 VICTORIA MALL
Utah
PROVO WALDENBOOKS PROVO TOWNE CENTRE 1200 TOWN CENTRE BLVD
Virginia
CHARLOTTES- WALDENBOOKS CHARLOTTESVILLE 1621 EAST RIO ROAD
VILLE FASHION SQUARE
CHESAPEAKE WALDENBOOKS GREENBRIER PARKWAY 1401 GREENBRIER PARKWAY
CHESAPEAKE WALDENBOOKS CHESAPEAKE SQUARE 4200 PORTSMOUTH BLVD.
DULLES BORDERS EXPRESS DULLES TOWN CENTER 21100 DULLES TOWN CIRCLE
GLEN ALLEN WALDENBOOKS VIRGINIA CENTER 10101 BROOK ROAD
COMMONS
SPRINGFIELD BORDERS EXPRESS SPRINGFIELD MALL 6725 SPRINGFIELD MALL
Vermont
MONTPELIER WALDENBOOKS BERLIN MALL 282 BERLIN MALL RD
RUTLAND WALDENBOOKS DIAMOND RUN MALL 46 DIAMOND RUN MALL
PLACE
Washington
BELLINGHAM WALDENBOOKS BELLIS FAIR ONE BELLIS FAIR PARKWAY
SPOKANE WALDENBOOKS SPOKANE VALLEY MALL 14700 E INDIANA
Wisconsin
GREEN BAY WALDENBOOKS BAY PARK SQUARE 661 BAY PARK SQUARE
GREENDALE WALDENBOOKS SOUTHRIDGE MALL 5300 SOUTH 76 ST
WAUSAU WALDENBOOKS WAUSAU CENTER A-104 WAUSAU CENTER
West Virginia
BLUEFIELD BORDERS EXPRESS MERCER MALL ROUTE 25 & US 460
MORGANTOWN WALDENBOOKS MORGANTOWN MALL 9611 MALL ROAD
SOURCE Borders Group
ANN ARBOR, Mich., Nov. 5 -- As part of Borders Group's ongoing strategy to right-size its Waldenbooks Specialty Retail segment and emerge with a smaller, more profitable mall chain in fiscal 2010, the retailer will close approximately 200 mall stores in January, leaving approximately 130 mall-based locations open. A list of mall stores expected to close is included in this news release and has been posted at www.borders.com/waldenstorelist. The list is not final and is subject to change pending finalization of agreements over the coming weeks. Importantly, today's announcement regarding the mall business does not include Borders superstores or the company's seasonal mall kiosk business, which includes over 500 Day by Day Calendar Co. units, among other mall-based retail concepts.
"America has a number of malls that continue to do well and draw customer traffic even in the current economy," said Borders Group Chief Executive Officer Ron Marshall. "We believe there remains an opportunity to profitably operate a much smaller Waldenbooks segment that complements our core Borders superstore business and continues to serve readers in their communities. Through this right-sizing, we will reduce the number of stores with operating losses, reduce our overall rent expense and lease-adjusted leverage and generate cash flow through sales and working capital reductions."
As long as the stores remain open, all will honor previously purchased gift cards, and gift cards can continue to be used in any Borders or Waldenbooks location or online at Borders.com. There will be no change in member status for customers who joined the Borders Rewards customer loyalty program at locations slated to close.
Stores that remain open will be integrated into the Borders superstore computer system, an investment Borders Group is making to merge all stores to a single platform. This is expected to produce operating efficiencies as well as benefits for mall shoppers, including enhanced store staff capabilities to search for and fulfill customer requests.
With the store closings in January, approximately 1,500 positions--the majority of which are part-time jobs--will be eliminated. Employees have been informed of the right-sizing plan and efforts will be made to place qualified individuals in other positions within Borders Group. Displaced employees will receive severance.
The mall-based right-sizing initiative has been ongoing at Borders Group for a number of years as the retailer has closed underperforming Waldenbooks Specialty Retail stores annually as part of its overall turnaround strategy. The company shuttered 112 stores in the segment in fiscal 2008 and from fiscal 2001 through 2007, closed an average of 66 stores per year within the Waldenbooks Specialty Retail segment.
About Borders Group, Inc.
Headquartered in Ann Arbor, Mich., Borders Group, Inc. (NYSE: BGP) is a leading specialty retailer of books as well as other educational and entertainment items. The company employs approximately 25,000 throughout the U.S., primarily in its Borders® and Waldenbooks® stores. Online shopping is offered through borders.com. Find author interviews and vibrant discussions of the products we and our customers are passionate about online at facebook.com/borders, twitter.com/bordersmedia and youtube.com/bordersmedia. For more information about the company, visit borders.com/media.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these forward-looking statements by the use of words such as "expect," "planning," "possibility," "opportunity," "goal," "will," "may," "intend," "anticipates" and other words of similar meaning. One can also identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address matters such as the company's future financial condition and performance (including earnings per share, the profitability of Waldenbooks, liquidity, sales, inventory levels and capital expenditures), its cost reduction initiatives and plans for store closings and the expansion of product categories. These statements are subject to risks and uncertainties that could cause actual results and plans to differ materially from those included in the company's forward-looking statements.
These risks and uncertainties include, but are not limited to, consumer demand for the company's products, particularly during the holiday season, which is believed to be related to general economic and geopolitical conditions, competition and other factors; the availability of adequate capital--including vendor credit--to fund the company's operations and to carry out its strategic plans; adverse litigation results or other claims and the performance of the company's information technology systems.
The company's periodic reports filed from time to time with the Securities and Exchange Commission contain more detailed discussions of these and other risk factors that could cause actual results and plans to differ materially from those included in the forward-looking statements, and those discussions are incorporated herein by reference. The company does not undertake any obligation to update forward-looking statements.
Anticipated Waldenbooks Specialty Retail Store Closure List
For general information purposes, Borders Group has provided the anticipated Waldenbooks Specialty Retail store closure list below.
These stores are expected to close by the end of January 2010. The list is not final and does not create any obligation by Borders Group with respect to the closure of any specific store. This list is based on currently available operating, financial and competitive information. Actual store closures may differ depending on a variety of factors including, but not limited to, risks related to finalization of third-party agreements, expected cost savings, income tax and other benefits associated with the store closures in the anticipated time frame, if at all. Borders Group undertakes no obligation to notify third parties of such changes.
Waldenbooks Specialty Retail Store Closing List
STATE/CITY STORE TYPE CENTER ADDRESS
Alaska
KETCHIKAN WALDENBOOKS PLAZA PORT WEST 2417 TONGASS AVE
Alabama
JASPER WALDENBOOKS JASPER MALL 300 HIGHWAY 78 EAST
Arkansas
FORT SMITH WALDENBOOKS CENTRAL MALL 5111 ROGERS AVENUE
PINE BLUFF WALDENBOOKS THE PINES MALL 2901 PINES MALL RD
Arizona
MESA WALDENBOOKS FIESTA MALL 1445 W. SOUTHERN AVE
TEMPE BORDERS OUTLET ARIZONA MILLS 5000 ARIZONA MILLS CIR
California
CARLSBAD BORDERS EXPRESS PLAZA CAMINO REAL 2525 EL CAMINO REAL
CHULA VISTA BORDERS EXPRESS CHULA VISTA 555 BROADWAY
SHOPPING CENTER
CLOVIS BORDERS EXPRESS SIERRA VISTA MALL 1050 SHAW AVENUE
CONCORD BORDERS EXPRESS SUN VALLEY MALL 460 SUN VALLEY MALL
CULVER CITY BORDERS EXPRESS FOX HILLS MALL 6000 SEPULVEDA BLVD
HAYWARD BORDERS EXPRESS SOUTHLAND MALL ONE SOUTHLAND MALL DR
HEMET WALDENBOOKS HEMET VALLEY MALL 2200 W FLORIDA AVE
LANCASTER WALDENBOOKS LANCASTER COMMERCE 1100 W AVENUE K
CENTER
LOS ANGELES BORDERS EXPRESS MACY'S PLAZA 700 W. 7TH ST
ORANGE BORDERS EXPRESS VILLAGE AT ORANGE 1500 EAST VILLAGE WAY
TEMECULA BORDERS EXPRESS PROMENADE MALL 40820 WINCHESTER ROAD
WESTMINISTER BORDERS EXPRESS WESTMINSTER MALL 1051 WESTMINSTER MALL
Connecticut
DANBURY WALDENBOOKS DANBURY FAIR MALL 7 BACKUS AVENUE
Florida
BOCA RATON WALDENBOOKS TOWN CENTER AT BOCA 6000 GLADES ROAD
RATON
CORAL SPRINGS WALDENBOOKS CORAL SQUARE 9469 WEST ATLANTIC BLVD
CRYSTAL RIVER WALDENBOOKS CRYSTAL RIVER MALL 1801 N.W. HIGHWAY 19
FORT MYERS WALDENBOOKS EDISON MALL 4125 CLEVELAND AVE
HIALEAH WALDENBOOKS WESTLAND MALL 1705 W 49 ST
KISSIMMEE WALDENBOOKS VINE STREET SQUARE 3105 W VINE STREET
LAKELAND WALDENBOOKS LAKELAND SQUARE 3800 US HWY 98 NORTH
ORLANDO BORDERS OUTLET LAKE BUENA VISTA 15657 APOPKA
OUTLET CENTER VINELAND RD
PEMBROKE PINES BORDERS EXPRESS PEMBROKE LAKES MALL 11401 PINES BOULEVARD
PENSACOLA WALDENBOOKS CORDOVA MALL 5100 N NINTH AVE
SANFORD BORDERS EXPRESS SEMINOLE TOWNE 296 TOWNE CENTRE CIRCLE
CENTRE
TAMPA WALDENBOOKS UNIVERSITY MALL 2200 E. FOWLER AVE
VERO BEACH WALDENBOOKS INDIAN RIVER MALL 6200 20TH STREET
Georgia
ALPHARETTA WALDENBOOKS NORTH POINT MALL 1132 NORTH POINT CIRCLE
ATLANTA WALDENBOOKS CNN CENTER ONE CNN CENTER
COLUMBUS WALDENBOOKS PEACHTREE MALL 3153 MANCHESTER RD
MILL CREEK WALDENBOOKS THE MALL OF GEORGIA 3333 BUFORD DR
MILLEDGEVILLE WALDENBOOKS HATCHER SQUARE MALL 2400 N. COLUMBIA ST
VALDOSTA WALDENBOOKS VALDOSTA MALL 1700 NORMAN DRIVE
Iowa
IOWA CITY WALDENBOOKS SYCAMORE MALL 1650 SYCAMORE ST
WATERLOO WALDENBOOKS CROSSROADS CENTER 2060 CROSSROADS BLVD
WEST DES WALDENBOOKS VALLEY WEST MALL 1551 VALLEY WEST DRIVE
MOINES
Illinois
AURORA WALDENBOOKS FOX VALLEY CENTER 2272 FOX VALLEY CENTER
CALUMET CITY WALDENBOOKS RIVER OAKS CENTER 96 RIVER OAKS CENTER
DANVILLE WALDENBOOKS VILLAGE MALL 2917 NORTH VERMILION
GURNEE BORDERS OUTLET GURNEE MILLS 6170 WEST GRAND AVE
JOLIET BORDERS EXPRESS LOUIS JOLIET MALL 3340 LOOP DRIVE
LINCOLNWOOD WALDENBOOKS LINCOLNWOOD TOWN 3333 W. TOUHY AVE.
CENTR
MARION WALDENBOOKS ILLINOIS CENTER 3000 W. DEYOUNG ST.
PEORIA WALDENBOOKS NORTHWOODS MALL 2200 WEST WAR MEMORIAL
DRIVE
STERLING WALDENBOOKS NORTHLAND MALL 2900 E LINCOLNWAY
Indiana
ANDERSON WALDENBOOKS MOUNDS MALL 2109 S SCATTERFIELD ROAD
ELKHART WALDENBOOKS CONCORD MALL 3701 SOUTH MAIN STREET
GREENWOOD WALDENBOOKS GREENWOOD PARK MALL 1251 US 31 NORTH
MARION WALDENBOOKS FIVE POINTS MALL 1129 NORTH BALDWIN AVE
RICHMOND WALDENBOOKS RICHMOND SQUARE 3801 NATIONAL ROAD EAST
Kansas
WICHITA WALDENBOOKS TOWNE WEST MALL 4600 WEST KELLOGG
Kentucky
ASHLAND WALDENBOOKS ASHLAND TOWN CENTER 500 WINCHESTER AVE.
BOWLING GREEN WALDENBOOKS GREENWOOD MALL 2625 SCOTTSVILLE ROAD
Louisiana
ALEXANDRIA WALDENBOOKS ALEXANDRIA MALL 3437 MASONIC DRIVE
BOSSIER CITY BORDERS EXPRESS PIERRE BOSSIER MALL 2950 EAST TEXAS STREET
Massachusetts
BROCKTON WALDENBOOKS WESTGATE MALL 200 WESTGATE DR.
DANVERS WALDENBOOKS LIBERTY TREE MALL 100 INDEPENDENCE WAY
MARLBOROUGH WALDENBOOKS SOLOMON POND MALL 601 DONALD LYNCH BLVD
N. ATTLE- BORDERS EXPRESS EMERALD SQUARE MALL 999 SOUTH WASHINGTON
BOROUGH ST.
SPRINGFIELD WALDENBOOKS EASTFIELD MALL 1655 BOSTON ROAD
Maryland
GAITHERSBURG WALDENBOOKS LAKEFOREST MALL 701 RUSSELL AVENUE
GLEN BURNIE BORDERS EXPRESS MARLEY STATION 7900 RITCHIE HWY
OWINGS MILLS BORDERS EXPRESS OWINGS MILLS 10300 MILL RUN CIRCLE
TOWN CENTER
WHEATON BORDERS EXPRESS WHEATON PLAZA 11160 VIERS MILL ROAD
Michigan
ADRIAN WALDENBOOKS ADRIAN MALL 1357 SOUTH MAIN ST
ALPENA WALDENBOOKS ALPENA MALL 2298 US 23 SOUTH
ANN ARBOR BORDERS EXPRESS BRIARWOOD MALL 636 BRIARWOOD CIRCLE
BIRCH RUN BORDERS OUTLET PRIME OUTLETS 12240 SOUTH BEYER RD
BIRCH RUN
DEARBORN WALDENBOOKS FAIRLANE TOWN 18900 MICHIGAN AVENUE
CENTER
FT GRATIOT WALDENBOOKS BIRCHWOOD MALL 4350 24TH AVE
PORTAGE WALDENBOOKS THE CROSSROADS 6650 SOUTH WESTNEDGE
SAGINAW WALDENBOOKS FASHION SQUARE MALL 4641 FASHION SQUARE
MALL
Minnesota
ST CLOUD BORDERS EXPRESS CROSSROADS CENTER 4101 WEST DIVISION ST
Missouri
KANSAS CITY WALDENBOOKS CROWN CENTER 2450 GRAND BLVD
RICHMOND WALDENBOOKS ST LOUIS GALLERIA 1113 ST LOUIS GALLERIA
HEIGHTS
Mississippi
GAUTIER WALDENBOOKS SINGING RIVER MALL 2800 US HIGHWAY 90
LAUREL WALDENBOOKS SAWMILL SQUARE 910 SAWMILL RD
Montana
KALISPELL BORDERS EXPRESS KALISPELL CENTER 20 N MAIN ST.
MALL
MISSOULA WALDENBOOKS SOUTHGATE MALL 2901 BROOKS ST
North Carolina
ASHEVILLE WALDENBOOKS BILTMORE SQUARE 800 BREVARD RD.
CHAPEL HILL WALDENBOOKS UNIVERSITY MALL 201 S. ESTES DRIVE
GREENSBORO WALDENBOOKS FOUR SEASONS 410 FOUR SEASONS
TOWN CENTRE TOWN CENTRE
HICKORY WALDENBOOKS VALLEY HILLS MALL 1960 HIGHWAY 70 SE
MONROE WALDENBOOKS MONROE MALL 2115-108 ROOSEVELT BLVD
NEW BERN WALDENBOOKS NEW BERN MALL 3134 DR M.L. KING JR
BLVD
SHELBY WALDENBOOKS CLEVELAND MALL 2001-49 EAST DIXON BLVD
WINSTON-SALEM WALDENBOOKS HANES MALL 3320 SILAS CREEK PKWY
North Dakota
GRAND FORKS WALDENBOOKS COLUMBIA MALL 2800 COLUMBIA ROAD
Nebraska
GRAND ISLAND WALDENBOOKS CONESTOGA MALL 3404 W 13TH STREET
KEARNEY WALDENBOOKS HILLTOP MALL 5011 SECOND AVE
NORTH PLATTE WALDENBOOKS THE MALL 1000 S DEWEY STREET
OMAHA BORDERS EXPRESS OAK VIEW MALL 3001 S. 144TH ST.
New Hampshire
CONCORD WALDENBOOKS STEEPLEGATE MALL 270 LOUDON ROAD
NASHUA BORDERS EXPRESS PHEASANT LANE 310 DANIEL WEBSTER HWY
MALL
ROCHESTER WALDENBOOKS LILAC MALL 7 MILTON ROAD
New Jersey
EATONTOWN BORDERS EXPRESS MONMOUTH MALL 180 ROUTE 35 SOUTH
MAYS LANDING BORDERS EXPRESS HAMILTON MALL 4403 BLACK HORSE PIKE
MOORESTOWN BORDERS EXPRESS MOORESTOWN MALL 400 W. ROUTE 38
PARAMUS BORDERS EXPRESS PARAMUS PARK MALL 700 PARAMUS PARK
PHILLIPSBURG WALDENBOOKS PHILLIPSBURG MALL 1200 HWY 22
ROCKAWAY BORDERS EXPRESS ROCKAWAY 301 MT. HOPE AVENUE
TOWNSQUARE
TOMS RIVER WALDENBOOKS OCEAN COUNTY MALL 1205 HOOPER AVENUE
VOORHEES BORDERS EXPRESS VOORHEES TOWN 2120 VOORHEES TOWN
CENTER CENTER
New Mexico
FARMINGTON WALDENBOOKS ANIMAS VALLEY MALL 4601 EAST MAIN
Nevada
LAS VEGAS BORDERS EXPRESS THE FASHION SHOW 3200 LAS VEGAS BLVD
SOUTH
RENO BORDERS EXPRESS MEADOWOOD MALL 5320 MEADOWOOD MALL
CIRCLE
New York
AUBURN WALDENBOOKS FINGER LAKES MALL 1579 CLARK STREET ROAD
BUFFALO BORDERS EXPRESS BOULEVARD MALL 730 ALBERTA DRIVE
HORSEHEADS WALDENBOOKS ARNOT MALL 3300 CHAMBERS ROAD SO.
HUNTINGTON
STATION WALDENBOOKS WALT WHITMAN MALL 160 WALT WHITMAN RD
JOHNSON CITY WALDENBOOKS OAKDALE MALL 635 HARRY L DRIVE
MASSAPEQUA WALDENBOOKS SUNRISE MALL 460 SUNRISE MALL
NEWBURGH BORDERS EXPRESS NEWBURGH MALL 1401 ROUTE 300
RYE RIDGE WALDENBOOKS RYE RIDGE SHOPPING 106 SOUTH RIDGE STREET
CENTER
SCHENECTADY BORDERS EXPRESS ROTTERDAM 93 WEST CAMPBELL RD.
SQUARE MALL
WILLIAMSVILLE BORDERS EXPRESS EASTERN HILLS S/C 4545 TRANSIT RD
Ohio
AKRON BORDERS EXPRESS CHAPEL HILL MALL 2000 BRITTAIN RD
ALLIANCE WALDENBOOKS CARNATION CITY MALL 2500 WEST STATE STREET
ASHTABULA WALDENBOOKS ASHTABULA TOWNE 3045 NORTHRIDGE EAST
SQUARE
COLUMBUS WALDENBOOKS POLARIS FASHION 1500 POLARIS PARKWAY
PLACE
ELYRIA BORDERS EXPRESS MIDWAY MALL 3343 MIDWAY MALL
HEATH WALDENBOOKS INDIAN MOUND MALL 771 S 30TH STREET
JEFFERSONVILLE BORDERS OUTLET PRIME OUTLETS 8000 FACTORY SHOPS
JEFFERSONVILLE BLVD
MARION WALDENBOOKS MARION CENTRE 1445 MARION-WALDO RD
NEW WALDENBOOKS NEW TOWN MALL 400 MILL AVENUE S.E.
PHILADELPHIA
NILES WALDENBOOKS EASTWOOD MALL 5320 YOUNGSTOWN
WARREN RD
NORTH OLMSTED BORDERS OUTLET GREAT NORTHERN BLVD 4650 GREAT NORTHERN
BLVD
NORTH OLMSTED WALDENBOOKS GREAT NORTHERN MALL 5002 GREAT NORTHERN
MALL
PARMA BORDERS EXPRESS PARMATOWN MALL 7793 WEST RIDGEWOOD
DRIVE
SPRINGFIELD WALDENBOOKS UPPER VALLEY MALL 1475 UPPER VALLEY
PIKE
STOW BORDERS EXPRESS STOW COMMUNITY 4248 KENT ROAD
SHOPPING CENTER
STRONGSVILLE WALDENBOOKS SOUTHPARK CENTER 500 SOUTHPARK CENTER
Oklahoma
MUSKOGEE WALDENBOOKS ARROWHEAD MALL 501 NORTH MAIN
OKLAHOMA CITY WALDENBOOKS CROSSROADS MALL 7000 CROSSROADS BLVD
OKLAHOMA CITY WALDENBOOKS QUAIL SPRINGS MALL 2501 WEST MEMORIAL ROAD
TULSA WALDENBOOKS TULSA PROMENADE 4107 SOUTH YALE AVENUE
Oregon
ALBANY WALDENBOOKS HERITAGE MALL 1895 14TH AVE. S.E.
MEDFORD WALDENBOOKS ROGUE VALLEY MALL 1600 N RIVERSIDE
Pennsylvania
ALLENTOWN WALDENBOOKS SOUTH MALL 3300 LEHIGH STREET
ALTOONA WALDENBOOKS LOGAN VALLEY MALL 936 LOGAN VALLEY MALL
CAMP HILL BORDERS EXPRESS CAPITAL CITY MALL 3587 CAPITAL CITY MALL
CHAMBERSBURG WALDENBOOKS CHAMBERSBURG MALL 624 CHAMBERSBURG MALL
CRANBERRY WALDENBOOKS CRANBERRY MALL 6945 US ROUTE 322
EASTON WALDENBOOKS PALMER PARK MALL 145 PALMER PARK MALL
ERIE BORDERS EXPRESS MILL CREEK MALL 5800 PEACH STREET
GROVE CITY BORDERS OUTLET PRIME OUTLETS 1911 LEESBURG-GROVE
GROVE CITY CITY RD
HARRISBURG WALDENBOOKS COLONIAL PARK MALL ROUTE 22 & COLONIAL
ROAD
HAZELTON WALDENBOOKS LAUREL MALL 106 LAUREL MALL
INDIANA BORDERS EXPRESS INDIANA MALL 2334 OAKLAND AVE
KING OF
PRUSSIA BORDERS EXPRESS THE PLAZA AT KING 160 N. GULPH ROAD
OF PRUSSIA
LANCASTER BORDERS OUTLET ROCKVALE OUTLET 35 S. WILLOWDALE DR.
CENTER
LANCASTER BORDERS EXPRESS PARK CITY SHOPPING 828 PARK CITY
CENTER SHOPPING CENTER
NORTH WALES BORDERS EXPRESS MONTGOMERY MALL 268 MONTGOMERY MALL
PHILADELPHIA BORDERS EXPRESS THE GALLERY AT 9TH & MARKET STREETS
MARKET EAST
PHILADELPHIA BORDERS EXPRESS SHOPS AT LIBERTY 1625 CHESTNUT STREET
PLACE
PITTSBURGH WALDENBOOKS SOUTH HILLS VILLAGE 242 SOUTH HILLS VILLAGE
MALL
POTTSVILLE WALDENBOOKS FAIRLANE VILLAGE 7266 FAIRLANE VILLAGE
MALL MALL
SPRINGFIELD BORDERS EXPRESS SPRINGFIELD MALL 1200 BALTIMORE PIKE
@ SPROUL RD
UNIONTOWN BORDERS EXPRESS UNIONTOWN MALL 1368 MALL RUN RD
WASHINGTON BORDERS EXPRESS WASHINGTON CROWN 1500 W. CHESTNUT
CENTER
WEST MIFFLIN BORDERS EXPRESS CENTURY III MALL 3075 CLAIRTON ROAD
WILLOW GROVE BORDERS EXPRESS WILLOW GROVE PARK 2500 MORELAND ROAD
MALL
Rhode Island
WARWICK WALDENBOOKS WARWICK MALL 400 BALD HILL RD.
South Carolina
COLUMBIA WALDENBOOKS COLUMBIANA CENTER 100 COLUMBIANA CIRCLE
GREENVILLE BORDERS EXPRESS HAYWOOD MALL 700 HAYWOOD ROAD
GREENWOOD WALDENBOOKS GREENWOOD MALL 72 BYPASS NORTHWEST
HILTON HEAD WALDENBOOKS MALL AT SHELTER 24 SHELTER COVE LANE
COVE
South Dakota
RAPID CITY WALDENBOOKS RUSHMORE MALL 2200 NORTH MAPLE
Tennessee
KINGSPORT WALDENBOOKS KINGSPORT TOWN 2101 FORT HENRY DR
CENTER
KNOXVILLE WALDENBOOKS KNOXVILLE CENTER 3001 KNOXVILLE CENTER
DR
Texas
BAYTOWN WALDENBOOKS SAN JACINTO MALL 1768 SAN JACINTO MALL
DALLAS WALDENBOOKS VALLEY VIEW CENTER 2092 VALLEY VIEW CNTR
FORT WORTH WALDENBOOKS RIDGMAR MALL 1906 GREEN OAKS BLVD
HOUSTON WALDENBOOKS WILLOWBROOK MALL 1332 WILLOWBROOK MALL
HOUSTON WALDENBOOKS HOUSTON CENTER 1200 MCKINNEY AVENUE
HOUSTON WALDENBOOKS NORTHWEST MALL 9600 HEMPSTEAD RD
LUFKIN WALDENBOOKS LUFKIN MALL 4600 SOUTH MEDFORD
DRIVE
PLANO BORDERS EXPRESS COLLIN CREEK MALL 811 NORTH CENTRAL
EXPRESSWAY
SAN ANTONIO WALDENBOOKS INGRAM PARK MALL 6301 NW LOOP 410
SAN ANTONIO WALDENBOOKS ROLLING OAKS PARK 6909 N. LOOP 1604 EAST
MALL
SAN ANTONIO WALDENBOOKS SOUTH PARK MALL 2310 SW MILITARY DR
SHERMAN WALDENBOOKS MIDWAY MALL 4800 TEXOMA PKWY
TEXAS CITY WALDENBOOKS MALL OF THE 10000 EMMETT F. LOWREY
MAINLAND EXPWY.
VICTORIA WALDENBOOKS VICTORIA MALL 187 VICTORIA MALL
Utah
PROVO WALDENBOOKS PROVO TOWNE CENTRE 1200 TOWN CENTRE BLVD
Virginia
CHARLOTTES- WALDENBOOKS CHARLOTTESVILLE 1621 EAST RIO ROAD
VILLE FASHION SQUARE
CHESAPEAKE WALDENBOOKS GREENBRIER PARKWAY 1401 GREENBRIER PARKWAY
CHESAPEAKE WALDENBOOKS CHESAPEAKE SQUARE 4200 PORTSMOUTH BLVD.
DULLES BORDERS EXPRESS DULLES TOWN CENTER 21100 DULLES TOWN CIRCLE
GLEN ALLEN WALDENBOOKS VIRGINIA CENTER 10101 BROOK ROAD
COMMONS
SPRINGFIELD BORDERS EXPRESS SPRINGFIELD MALL 6725 SPRINGFIELD MALL
Vermont
MONTPELIER WALDENBOOKS BERLIN MALL 282 BERLIN MALL RD
RUTLAND WALDENBOOKS DIAMOND RUN MALL 46 DIAMOND RUN MALL
PLACE
Washington
BELLINGHAM WALDENBOOKS BELLIS FAIR ONE BELLIS FAIR PARKWAY
SPOKANE WALDENBOOKS SPOKANE VALLEY MALL 14700 E INDIANA
Wisconsin
GREEN BAY WALDENBOOKS BAY PARK SQUARE 661 BAY PARK SQUARE
GREENDALE WALDENBOOKS SOUTHRIDGE MALL 5300 SOUTH 76 ST
WAUSAU WALDENBOOKS WAUSAU CENTER A-104 WAUSAU CENTER
West Virginia
BLUEFIELD BORDERS EXPRESS MERCER MALL ROUTE 25 & US 460
MORGANTOWN WALDENBOOKS MORGANTOWN MALL 9611 MALL ROAD
SOURCE Borders Group
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