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Borders disappoints in Q3
Ann Arbor, Mich. -- Borders Group posted sales of $470.9 million for its third quarter ended Oct. 30, a decrease of 17.6% from the same period a year ago. Same-store sales declined by 12.6%.
The company posted a loss from continuing operations in the third quarter of $74.4 million, versus a loss $37.7 million a year ago.
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Alliance Data signs multi-year renewal agreement with Arhaus Furniture
Dallas -- Alliance Data Systems Corporation, provider of loyalty and marketing solutions derived from transaction-rich data, announced it has signed a multi-year renewal agreement with Arhaus Furniture -- a high-end retailer of quality, customizable home furnishings and accessories -- to continue providing turnkey private label credit-card services for Arhaus' retail locations.