The Top 500 apparel chain plans to expand its reserve online, pick up in store program, as well as its presence in China.
Web sales take off while store sales decline for Books-A-Million in Q3
E-commerce grew roughly 37%, Internet Retailer calculates.
Despite a decline in overall revenue, web sales increased for Books-A-Million Inc. in the third quarter ended Nov. 2.
The retailer has not yet released its full earnings filing with the U.S. Securities and Exchange Commission, which typically include e-commerce sales. But based on the available data, Internet Retailer calculates that e-commerce sales increased by about 37.3% year over year, to roughly $8.1 million from $5.9 million in Q3 2012. That percentage is based on calculating total retail store sales in Q3 based on the year-over-year decrease the retailer reported, subtracting them from total revenue to find e-commerce sales in Q3, then comparing that number to the corresponding value from last year.
The retailer’s total revenue in Q3 was down 3.5%, to $100.4 million from $104.0 million in Q3 2012, the chain reported this week. That reflects a year-over-year decrease in comparable-store sales of 8.5%, to $92.3 million from $100.9 million in Q3 2012, according to the percentage Books-A-Million reports and Internet Retailer calculations of store sales based on data from the same quarter last year.
For the third quarter, Books-A-Million also reports a net loss of $6.9 million, compared with a net loss of $2.8 million in the same period last year.
For the three quarters of 2013 ended Nov. 2, the retailer reports:
- Total revenue decreased 6.6%, to $313.6 million from $335.8 million in the same period last year.
- Comparable-store sales decreased 9.2%, which Internet Retailer calculates as $299.4 million compared with $329.7 million in the same period last year.
- A net loss of $19.8 million, compared with a net loss of $5.6 million in the same period last year.
Internet Retailer calculates that e-commerce sales for Books-A-Million totaled $14.2 million in the first three quarters of 2013, a 24.5% decrease year over year from $18.8 million in the first three quarters of 2012.
Books-A-Million is No. 453 in the 2013 Top 500 Guide.