Borders Books and Music Will Return to Lower Manhattan At 100 Broadway in Spring 2003.Business & Consumer/Retail Editors ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--Oct. 8, 2002 Borders Books and Music(R) (NYSE NYSE See: New York Stock Exchange :BGP (Border Gateway Protocol) The routing protocol that is used to span autonomous systems on the Internet. It is a robust, sophisticated and scalable protocol that was developed by the Internet Engineering Task Force (IETF). ) announced today that the company has signed a lease for a 33,000-square-foot store at 100 Broadway in Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . The new store at Pine and Broadway will occupy the bottom two floors of the American Surety Building The American Surety Building is a historic skyscraper located at 100 Broadway, New York City, New York, opposite Trinity Church. It has been declared a landmark as one of Manhattan's most influential early skyscrapers. , a historic structure designed by architect Bruce Price in 1897, and is expected to open in late spring 2003. This new flagship store will have two full floors of shopping space plus a mezzanine cafe with a full 100 feet of window frontage on Broadway. Trinity Church is located directly across the street from the site. "Borders is thrilled to be coming back to Lower Manhattan," said Tami Heim, president of Borders Stores and Borders Online. "This is a homecoming of sorts because our first New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of store was our World Trade Center location. As we've heard form many customers since the 9/11 tragedy, spending time in our store there was a regular part of their day and a happy part of their normal routine. We're so gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. today to let them know that while what's normal has changed drastically since then, Borders will be back with a new location and a new experience that helps us all move forward." Borders will once again offer Lower Manhattan a comfortable place to explore over 200,000 book, music, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and periodical titles, as well as the opportunity to experience cutting-edge service technology backed by a knowledgeable staff with a commitment to the community. As a retailer, Borders is unique in tailoring its title base to respond to the interests of the customers who shop each store location. Just 50 percent of Borders' title base is common to all stores, while the other half is customized to the location by experienced buyers using the company's sophisticated computerized inventory system. In addition to offering books, music and movies, Borders invites shoppers to unwind at Cafe Borders. In the new Manhattan store, customers of the cafe can choose from a variety of gourmet coffees, teas and beverages and enjoy desserts and light lunch items. "Borders is proud to contribute to the redevelopment of the Lower Manhattan financial district," said Heim. "It will be exciting for us to be a part of this vibrant community again and we're looking forward to serving our loyal customers in this new location." Borders Group, Inc., (NYSE:BGP) is a leading global retailer of books, music, video and other information and entertainment items with stores in the United States, United Kingdom, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, and the commonwealth of Puerto Rico. A FORTUNE 500 company headquartered in Ann Arbor, Mich., Borders Group employs 32,000 worldwide and operates over 385 Borders domestic superstores, 25 international Borders stores, 36 Books etc. locations and approximately 800 Waldenbooks stores. Teamed with Amazon.com, the company also offers online shopping through Borders.com (www.borders.com). More detailed information for journalists is available at www.bgimediacenter.com. Financial data is hosted on www.bordersgroupinc.com and information on Borders stores is available through www.bordersstores.com. |
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