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Kmart had struggled with the book division, having first tinkered with the assortment and later with discounting.

In the Borders acquisition, Kmart merged the two companies in hopes that the experienced Borders senior management could bail out floundering Waldenbooks.

They moved the retail bookshop to much larger quarters that had become available across State Street, in the former location of the Wagner & Son men's clothing store.

The old shop was renamed Charing Cross Bookshop and Tom Frick was sent over from the new bookshop to help.

Despite financial difficulties in the domestic market, Borders continued to expand its franchises, adding stores in Malaysia, Oman and Sharjah.

Last modified 14-May-2019 11:54