Bookseller Borders has reported results for its second quarter ended July 31, 2010. Second-quarter sales were $526.1m (£340.4m), down 11.5% compared with the same period a year ago, with like-for-like sales slumping 6.8%.
Borders.com sales rocketed 56.2% year on year, up to $15.5m (£10m).
The company generated a loss from continuing operations in the second quarter of $51.6m (£33.4m) compared with a loss of $45.1m (£29.2m) for the same period last year. Debt net of cash increased 2.7% compared with the second quarter of last year, to $262.1m (£169.6m).
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