Books-A-Million reported sales for the third quarter of $104.8 million, down 5.5 percent overall, with same-store sales down 5.8 percent. Their net loss rose to $1.7 million, $100,000 larger than this time a year ago. Like other book retailers, they are reporting weakness in hardcovers (whether due to the economy, ebooks, or both) and strength in bargain books. CEO Clyde Anderson said in the release, “Comparable store sales for the third quarter were disappointing as we faced a tough comparison to last year’s bestseller lineup and a cost conscious consumer buying fewer hardcover books. We did see continued positive trends […]
