September 15, 2011, 4:45 PM

Web sales grow but little else for Books-A-Million in Q2

Comparable-store sales declined 12.9%.

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If Books-A-Million Inc. had a bright spot in the second quarter it was e-commerce.

For the second quarter ended July 30, Books-A-Million, No. 398 in the Internet Retailer Top 500 Guide, reported:

  • Web sales grew 23.5% to $6.3 million from $5.1 million in the second quarter of 2010.
  • Total sales decreased 11.3% to $106.4 million from $120 million.
  • Comparable-store sales declined 12.9%.
  • Net loss was $2.9 million compared with net income of $1.9 million in the second quarter of 2010.

Internet Retailer calculates the web accounted for 5.9% of total sales compared with 4.3% in the prior year

“Results for the quarter reflect a continuation of the trends that have been affecting our business since the beginning of the year,” says CEO Clyde Anderson. “A soft publishing lineup, the effect of e-book migration and the impact of Borders’ liquidation all contributed to the decline in comparable-store sales. In this environment we have been focused on further developing the growth categories in our stores in preparation for the second half of the year while our balance sheet remains strong.”

For the first two quarters:

  • Web sales grew 17.8% to $12.6 million from $10.7 million in the second quarter of 2010.
  • Total sales decreased 11.3% to $210.4 million from $237 million.
  • Comparable-store sales declined 13.1%.
  • Net loss was $6.4 million compared with net income of $3.9 million in the second quarter of 2010.

Internet Retailer calculates the web accounted for 6% of total sales compared with 4.5% in the prior year.

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