All but one of 14 new superstores (including two relocations) planned for this year have opened, said Ed Wilhelm, senior VP and CFO. All are in the company's new concept, which reduces the space allocated to music, giving that space to children's and bargain books.
"We continue to be very pleased with the performance of our new concept stores," Wilhelm said. "We will be applying what we learn from these to the rest of the chain where appropriate."
The company opened four new Borders superstores in the United States during the period -- all of them new concept stores -- and ended the second quarter with a total of 518 domestic superstore locations. The number of Waldenbooks stores was reduced from 532 at the close of the second quarter 2007 to 468 at the end of the quarter.
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