Announcing third quarter results, Books-a-Million said that sales of $111 million were down 5.7 percent overall, and down 9.9 percent on a same-store sales basis. Their net loss was $2.2 million, compared to a loss of $555,000 a year ago. CEO Sandra Cochran says: “We faced dramatic macroeconomic headwinds, and as a
result we experienced our weakest comparable store sales in many years.
The negative trends were broadly felt across most categories although
bargain books, gifts and teen provided positive results. Our entire team
remains focused on adjusting to this difficult environment by
controlling costs, managing inventory and preparing for the holiday
season.”
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