Borders Group (BGP)

 

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these forward-looking statements by the use of words such as “projects,” “expect,” “estimated,” “look toward,” “going forward,” “continuing,” “planning,” “returning,” “guidance,” “goal,” “will,” “may,” “intend,” “anticipates,” and other words of similar meaning. One can also identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address matters such as our future financial condition or performance (including earnings per share, gross margins and inventory turns, liquidity, same-store sales, cost reduction initiatives and anticipated capital expenditures and depreciation and amortization amounts), our financing agreements and other capital resources, strategic plans and benefits relating to such plans (including steps to be taken to improve the performance of Borders Superstores, the downsizing of the Waldenbooks Specialty Retail segment and our proprietary Web site).

 

These statements are subject to risks and uncertainties that could cause actual results and plans to differ materially from those included in our forward-looking statements. These risks and uncertainties include, but are not limited to, consumer demand for our products, particularly during the holiday season, which is believed to be related to general economic and geopolitical conditions, competition and other factors; the availability of adequate capital to fund our operations and to carry out our strategic plans; and the performance of our information technology systems and the development of improvements to the systems necessary to implement our strategic plan.

 

Although it is not possible to predict or identify all such factors, they may include the risks discussed in “Item 1A. — Risk Factors.” We do not undertake any obligation to update forward-looking statements.

 

 

This report contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
One can identify these forward-looking statements by the use of
words such as “projects,” “expect,”
“estimated,” “look toward,” “going
forward,” “continuing,” “planning,”
“returning,” “guidance,” “goal,”
“will,” “may,” “intend,”
“anticipates,” and other words of similar meaning. One
can also identify them by the fact that they do not relate
strictly to historical or current facts. These statements are
likely to address matters such as our future financial condition
or performance (including earnings per share, gross margins and
inventory turns, liquidity, same-store sales, cost reduction
initiatives and anticipated capital expenditures and
depreciation and amortization amounts), our financing agreements
and other capital resources, strategic plans and benefits
relating to such plans (including steps to be taken to improve
the performance of Borders Superstores, the downsizing of the
Waldenbooks Specialty Retail segment and our proprietary Web
site).

 

These statements are subject to risks and uncertainties that
could cause actual results and plans to differ materially from
those included in our forward-looking statements. These risks
and uncertainties include, but are not limited to, consumer
demand for our products, particularly during the holiday season,
which is believed to be related to general economic and
geopolitical conditions, competition and other factors; the
availability of adequate capital to fund our operations and to
carry out our strategic plans; and the performance of our
information technology systems and the development of
improvements to the systems necessary to implement our strategic
plan.

 

Although it is not possible to predict or identify all such
factors, they may include the risks discussed in
“Item 1A. — Risk Factors.” We do not
undertake any obligation to update forward-looking statements.

 

 

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these forward-looking statements by the use of words such as “projects,” “expect,” “estimated,” “look toward,” “going forward,” “continuing,” “planning,” “returning,” “guidance,” “goal,” “will,” “may,” “intend,” “anticipates,” and other words of similar meaning. One can also identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address matters such as the Company’s future financial performance (including earnings per share growth, EBIT margins and inventory turns, liquidity, same-store sales growth, and anticipated capital expenditures and depreciation and amortization amounts), its exploration of strategic alternatives, its financing agreement with Pershing Square and the benefits thereof, strategic plans and expected financing and benefits relating to such plans (including steps to be taken to improve the performance of domestic superstores, the downsizing of the Waldenbooks Specialty Retail segment and the development of a proprietary Web site).

 

These statements are subject to risks and uncertainties that could cause actual results and plans to differ materially from those included in the Company’s forward-looking statements. These risks and uncertainties include, but are not limited to, consumer demand for the Company’s products, particularly during the holiday season, which is believed to be related to general economic and geopolitical conditions, competition and other factors; the availability of adequate capital to fund the Company’s operations and to carry out its strategic plans; the performance of the Company’s information technology systems and the development of improvements to the systems necessary to implement the Company’s strategic plan, and, with respect to the exploration of strategic alternatives including the sale of certain parts of the Company or the sale of the entire Company, the ability to attract interested third parties.

 

Although it is not possible to predict or identify all such factors, they may include the risks discussed in “Item 1A. — Risk Factors.” The Company does not undertake any obligation to update forward-looking statements.

 

 

This report contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
One can identify these forward-looking statements by the use of
words such as “projects,” “expect,”
“estimated,” “look toward,” “going
forward,” “continuing,” “planning,”
“returning,” “guidance,” “goal,”
“will,” “may,” “intend,”
“anticipates,” and other words of similar meaning. One
can also identify them by the fact that they do not relate
strictly to historical or current facts. These statements are
likely to address matters such as the Company’s future
financial performance (including earnings per share growth, EBIT
margins and inventory turns, liquidity, same-store sales growth,
and anticipated capital expenditures and depreciation and
amortization amounts), its exploration of strategic
alternatives, its financing agreement with Pershing Square and
the benefits thereof, strategic plans and expected financing and
benefits relating to such plans (including steps to be taken to
improve the performance of domestic superstores, the downsizing
of the Waldenbooks Specialty Retail segment and the development
of a proprietary Web site).

 

These statements are subject to risks and uncertainties that
could cause actual results and plans to differ materially from
those included in the Company’s forward-looking statements.
These risks and uncertainties include, but are not limited to,
consumer demand for the Company’s products, particularly
during the holiday season, which is believed to be related to
general economic and geopolitical conditions, competition and
other factors; the availability of adequate capital to fund the
Company’s operations and to carry out its strategic plans;
the performance of the Company’s information technology
systems and the development of improvements to the systems
necessary to implement the Company’s strategic plan, and,
with respect to the exploration of strategic alternatives
including the sale of certain parts of the Company or the sale
of the entire Company, the ability to attract interested third
parties.

 

Although it is not possible to predict or identify all such
factors, they may include the risks discussed in
“Item 1A. — Risk Factors.” The Company
does not undertake any obligation to update forward-looking
statements.

 

 

This Annual Report on Form 10-K contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, all of which are subject to risks and uncertainties. Forward-looking statements reflect management’s current expectations and are inherently uncertain. The Company’s actual results may differ significantly from management’s expectations. One can identify these forward-looking statements by the use of words such as “projects,” “expected,” “estimated,” “look toward,” “continuing,” “planning,” “guidance,” ““goal,” “will,” “may,” “intend,” “anticipates,” and other words of similar meaning. One can also identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address matters such as the Company’s future financial performance (including earnings per share growth, EBIT margins and inventory turns, same-store sales growth, and anticipated capital expenditures and depreciation and amortization amounts), its strategic plans and expected benefits relating to such plans (including steps to be taken to improve the performance of domestic superstores, the exploration of strategic alternatives with respect to certain international operations, the downsizing of the Specialty Retail segment and the development of a proprietary Web site) and its intentions with respect to dividend payments and share repurchases. These statements are subject to risks and uncertainties that could cause actual results and plans to differ materially from those included in the Company’s forward-looking statements. These risks and uncertainties include, but are not limited to, consumer demand for the Company’s products, particularly during the holiday season, which is believed to be related to general economic and geopolitical conditions, competition and other factors; the availability of adequate capital to fund the Company’s operations and to carry out its strategic plans; the performance of the Company’s information technology systems and the development of improvements to the systems necessary to implement the Company’s strategic plan, and, with respect to the exploration of strategic alternatives for certain international operations, the ability to attract interested third parties. Although it is not possible to predict or identify all such factors, they may include the risks discussed in “Item 1A. — Risk Factors.” The Company does not undertake any obligation to update forward-looking statements.