Books-a-Million reported yet another weak holiday quarter, with same-store sales down 5.7 percent (compared to an ever lower-bar). Sales rose 10.7 percent, to $166.9 million, based on the net addition of 20 stores. While Barnes & Noble had one of their best holiday sales seasons in years, BAM has had at least six consecutive years of negative comps in the quarter. Net income from continuing operations was $7.6 million, up $0.9 million compared to a year ago–but they incurred costs for the quarter of $1.6 million related to the closing of 21 underperforming locations and the opening of 41 new […]
