Books-A-Million swings to loss

Birmingham, Ala. -- Books-A-Million on Tuesday reported a second-quarter loss of $2.9 million, compared with a net income of $1.9 million in the year-ago period. The chain faulted lower sales as consumers move away from traditional books and pressure from the liquidation sales Borders Group is conducting.



Revenue fell 11.4% to $106.4 million from $120 million last year. Same-store sales fell 12.9%.



“A soft publishing lineup, the effect of e-book migration and the impact of Border's liquidation all contributed to the decline in comparable-store sales," said CEO Clyde Anderson.