Books-A-Million posted its third quarter earnings for the period ending October 29, with net sales dropping 8.1 percent to $94.4 million (from $102.7 million a year ago) and store comps falling 7.7 percent from the same time last year. The company suffered an operating loss of $8.1 million, compared to a loss of $2.9 million a year ago, and a net loss of $4 million, or 25 cents per diluted share. The losses included a one-time charge related to the closing of 21 underperforming stores and scheduled opening of 41 new locations throughout the month of November. The company now […]
