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Aug 27 2008
The Wall Street Journal reports that in the second quarter (to Aug 2), sales at Borders Group bookstores fell 6.9% to $758.5 million with a net loss of $9.2 million, an improvement on the net loss of $25 million this time last year. The company said that though US superstore sales were down 9% year on year, it had improved operating cash flow by nearly $200 million. Borders stock rose 7.3% on after-hours trading to $5.75.
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