Borders filed their monthly operating
report for July with the bankruptcy court, reporting sales of $94.7
million and other revenue of $57.5 million for the month. Regular SGA
expenses were $38.2 million, but they took two large writedowns--one
against "all long-lived assets," for $135.2 million, plus the
fully-loaded "cost" of the merchandise sold was $284.7 million (or
$132.5 million more than sales for the month). All told, they recorded
an operating loss of $305.9 million on their books for the month, and a
total net loss of $328.2 million.
*From today's issue of Publisher's Lunch
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