Borders to Open Store in Fort Lee, N.J.Business 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)--Dec. 17, 2002 Borders(R) Books & Music will open a new store in Fort Lee, N.J., in March 2003. The 25,000-square-foot store will be located at the intersection of Main Street and Lemoine Avenue off of I-95 in the Fort Lee Town Centre. "The Borders in Ft. Lee will have an immense selection of books, music and movies -- and the store will hold free events for the public," said Roman Schreiner, district manager for the new Fort Lee location. "Lectures, author signings, musical performances, children's activities and 'Benefit Days' that support local charities are some of the ways Borders integrates into the community. Also, a local corporate sales representative will also offer schools, libraries and businesses in the area corporate discounts." Borders will offer Fort Lee residents a comfortable place to explore over 150,000 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 periodical, a publication that is issued regularly. It is distinguished from the newspaper in format in that its pages are smaller and are usually bound, and it is published at weekly, monthly, quarterly, or other intervals, rather than daily. titles, as well as the opportunity to experience cutting-edge service technology backed by a knowledgeable staff with a commitment to the community. Free events such as lectures, author signings, musical performances, children's activities and 'Benefit Days' that support local charities are held throughout the year. Borders selected the new Fort Lee location based on a variety of factors including demographics, traffic patterns, the availability of parking and the attractiveness of the site. 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 Unwind 1. The closure of an investment position. 2. The reconciliation of an error previously unseen by a brokerage house. Notes: 1. Sometimes referred to as closing out a position. at Cafe Borders. In the Fort Lee store, customers of the cafe can choose from a variety of gourmet coffees, teas and beverages and enjoy desserts and light snack items. "Our customers love the community spirit that is fostered at Borders," said Schreiner. "It's a place where people can feel comfortable reading, studying, having a group discussion or simply sipping a cup of coffee. I think that Fort Lee will enjoy having a neighborhood Borders." Borders Group, Inc., (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). ) is a leading global retailer of books, music, video and other information and entertainment items with stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . A FORTUNE 500 company headquartered in Ann Arbor, Mich., Borders Group employs 32,000 worldwide and operates over 400 Borders domestic superstores, 29 international Borders stores, 37 Books etc. locations and approximately 800 Waldenbooks stores. Teamed with Amazon.com, the company also offers online shopping through Borders.com (www.borders.com) and Waldenbooks.com (www.waldenbooks.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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