Borders debuts customizable e-cards
Ann Arbor, Mich. Borders is introducing customizable e-gift cards. Available online at borders.com/giftcards in a variety of colors and creative designs, e-gift cards can be created and delivered to recipients via e-mail within 24 hours.
The cards are instantly redeemable online at Borders.com and in stores nationwide, and like traditional Borders gift cards, there are no fees associated with e-gift cards, and they never expire.
For added convenience, customers shopping at their favorite Borders superstore can order and purchase e-gift cards at one of the self-serve Borders.com kiosks located in the store.
Borders introduces In-Stock Guarantee or free shipping
ANN ARBOR, Mich. Borders launches the industry’s first-ever “In-Stock Guarantee,” promising customers that if they do not find an item in stock in a Borders store and that item is among the more than one million titles available on Borders.com, Borders will find it and pay the shipping costs to the customer’s home.
Borders’ “In-Stock Guarantee” applies to any item carried on Borders.com. There is no per-customer limit on the number of items eligible for this program. The “In-Stock Guarantee” program runs through most of the holiday season, with Dec. 16 as the final date items can be located and reach customers in time for Christmas.
The “In-Stock Guarantee” applies only to Borders bricks and mortar stores, but there is also a free shipping program available online at Borders.com as well. Generally, orders over $25 purchased on Borders.com will be shipped for free. Orders placed on the site before Dec. 16 will reach customers in time for the holiday.
Big 5 sees strong third quarter
EL SEGUNDO, Calif. Big 5 Sporting Goods reported that for the fiscal 2009 third quarter, net sales increased to $231.6 million from net sales of $223.2 million for the third quarter of fiscal 2008. As the company previously reported, same-store sales increased 1.6% for the third quarter.
Net income for the third quarter of fiscal 2009 improved to $8 million, or 37 cents per diluted share, from net income of $4.5 million, or 21 cents per diluted share, for the third quarter of fiscal 2008.
“We are pleased to deliver a solid third quarter top and bottom line performance, as our customer value proposition and proven business model continue to produce positive results,” said Steven Miller, the company’s chairman, president and CEO.
Miller continued, “We are encouraged that the positive sales trends we experienced during the third quarter have continued, and actually improved, thus far in the fourth quarter. For the first five weeks of the quarter, we have comped positively in the low single-digit range. While the critical holiday period is still ahead and consumer spending habits remain unpredictable, we are excited about our product assortment and promotional plans and believe that our ability to provide tremendous values on quality merchandise will position us well during the gift-giving season.”
For the fiscal 2009 fourth quarter, the company expects same-store sales in the positive low to low-mid single-digit range and earnings per diluted share in the range of 28 cents to 38 cents. For comparative purposes, the company’s earnings per diluted share for the fourth quarter of fiscal 2008 were 17 cents.