June 16, 2010, 3:01 PM

Books-A-Million’s web sales inch ahead in the first quarter

Web sales were up by 2.4% while comparable-store sales declined 1%.

Retail chain bookseller Books-A-Million Inc. reported mixed results for first quarter sales.

For the first quarter ended May 1, Books-A-Million reported:

  • E-commerce sales were $5.64 million, a 2.4% increase from $5.51 million in the first quarter of 2009.
  • Total sales were $117.0 million, a 1% decrease from $118.2 million.
  • Comparable-store sales declined 3.6%.
  • Net loss was $2 million, compared with net income of $2.1 million in the prior year quarter.

The Internet accounted for 4.8% of sales for the first quarter, compared with 4.7% in the same period last year, according to Internet Retailer estimates.

“While we continued to face a challenging sales environment during the period, I’m pleased that our ongoing discipline in cost control and inventory management delivered solid financial results,” says Clyde B. Anderson, chairman, president and CEO of Books-A-Million, No. 350 in the Internet Retailer Top 500 Guide.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

John Pincott / E-Commerce

The secrets to success of buy online, pick up in store

Training, signage and motivation are all critical elements to making in-store pickup work. If done ...

FPO

Meyar Sheik / E-Commerce

Time to spring clean your digital retail strategies

With holiday promotions starting as early as September, now is the time to assess the ...

Advertisement