9/15/11

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

Comparable-store sales declined 12.9%.

Mark Brohan , Research Director

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:

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:

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

Topics:

2011 Q2 financials, books, books-a-million inc., Clyde Anderson, CSN Stores, e - commerce, e-book, Q2, Q2 financials, Q2 web sales, second quarter, web sales

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