BAM Second Quarter: Sales Jump with More Stores
Net sales at Books-A-Million in the second quarter ended July 28 rose 14.9%, to $120.4 million, and the net loss improved to $900,000, compared to a net loss of $2.9 million in the same period a year earlier. At stores open at least a year, sales rose 0.5%.
CEO and president Terrance G. Finley commented: "Results for the quarter reflect the contribution from our new stores that opened in the fourth quarter [many of which were in old Borders locations], the phenomenal success of the Fifty Shades of Grey series, and continued solid performance in kids, teen, and general merchandise. Our team remains focused on diversifying our store assortments and adjusting our store layouts to support our core business and new categories as we prepare for the upcoming holiday season."
BAM also has authorized a stock repurchase program, allowing the company to buy up $5 million in stock through March 31, 2014. Currently BAM has 16 million shares outstanding. At the current price of $2.50 a share, the program would be able to buy two million shares.
Net sales at Books-A-Million in the second quarter ended July 28 rose 14.9%, to $120.4 million, and the net loss improved to $900,000 compared to a net loss of $2.9 million in the same period a year earlier. At stores open at least a year, sales rose 0.5%.
CEO and president Terrance G. Finley commented: "Results for the quarter reflect the contribution from our new stores that opened in the fourth quarter, the phenomenal success of the Fifty Shades of Grey series, and continued solid performance in kids, teen, and general merchandise. Our team remains focused on diversifying our store assortments and adjusting our store layouts to support our core business and new categories as we prepare for the upcoming holiday season."
BAM also has authorized a stock repurchase program, allowing the company to buy up $5 million in stock through March 31, 2014. Currently BAM has 16 million shares outstanding. At the current price of $2.50 a share, the program would be able to buy two million shares.







B&N has solved the major production problems involving its Nook Simple Touch with Glowlight, which has received good reviews but was out of stock for much of the time since its introduction earlier this year. Only in the last two weeks has B&N been able to stock all its retail outlets. The production problems hurt Nook and digital book sales, especially for new purchasers of e-readers who often stock up on titles soon after buying or receiving new devices. Still, B&N digital content sales grew through third-party apps on other devices and established customers who bought "more content than we expected," CEO William Lynch said.


Monday at the SIBA Booksellers Revival at
"Our sales are approximately 26% above last year, but more importantly this year's sales are 8% above our best year of 2007," said Fisher, who has owned the bookstore since 1995. She added that the business had "been struggling the past few years and the sales this year were going to be the determining factor for the future of Quarter Moon.... This year has been quite a relief for me. I believe our new outdoor patio with colorful furniture has attracted more people to the store, and our extended hours in the evening for the wine bar has had a significant effect on our increased sales this year."
Peter Stamm was born in 1963, in Weinfelden, Switzerland, and is the author of many short stories and plays. Stamm's novels Unformed Landscape, On a Day Like This and Seven Years, and the collection In Strange Gardens and Other Stories are available from Other Press. He lives outside of Zurich. His latest collection of short stories, We're Flying (translated by Michael Hofmann), was published on August 14, 2012, by Other Press.
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