Can teens and lattes help stem Borders' losses?
Those cheap CDs and DVDs you bought on sale this spring and summer cost Borders bookstores dearly, but kids' books and coffee hold future profits.
Borders Group Inc. (BGP) posted a loss of $45.6 million, nearly five times the losses of $9.2 million it showed last year. But after factoring out $32.9 million in restructuring charges, the net loss dropped to $12.7 million, or 21 cents per share. Still, that is worse than analysts' expectations of a loss of 16 cents per share.