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The Borders Group said Tuesday that falling sales widened the company's loss in the third quarter and that the company was no longer considering selling its core business.
The company said profit as a percentage of sales widened eight-tenths of a percentage point in the 16 weeks to January 20 even as sales fell 5.1percentt at stores open a year or more.
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Gross margin, or the amount of profit made on each sale, widened to 30.4percentt of sales, from 29.8percentt a year earlier, the company said.
Gross margin, or the amount of profit on each sale, widened to 65.4percentt from 62.1percentt as the company cut production costs.
Their constant vigilance is paid for by sales to widening markets.
The company said its profit fell to 318 million euros ($288 million), from 374 million ($339 million) a year earlier, hurt by weak Champagne sales and widening losses in its selective retail division.
Such invariably leads to increased unit output, stable to firm pricing, increased sales growth, widening profit margins and upside earnings reports.
While costs rose and investment losses widened, sales increased 12percentt as the company gained new accounts.
Germany's largest media company, Bertelsmann, said its operating profit rose 75percentt in the first half of its fiscal year as acquisitions widened sales.
Midway Games, the video game maker 49percentt owned by Sumner M. Redstone, said yesterday that its first-quarter loss widened as sales of "Mortal Kombat" dropped.
Commerce One Inc., an unprofitable maker of software for buying goods over the Internet, said yesterday that its fourth-quarter loss widened as sales fell.
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