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Books-A-Million names new CFO
BIRMINGHAM, Ala. — Books-A-Million has named Todd Noden as Chief Financial Officer. In his new role, Noden will report to Terrance Finley, CEO and president of Books-A-Million. Noden will replace current CFO Brian White, who resigned to pursue other endeavors effective April 25.
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And speaking of Amazon.com . . .
First quarter sales at the leading online retailer surged 34% to $13.2 billion during the first quarter ended March 31, as the company continues to enjoy a huge competitive advantage by allowing customers to avoid paying sales tax.
Despite surging sales, net income at the company declined 35% to $130 million or 28 cents a share, compared with $201 million or 44 cents a share the prior years. Operating income also declined considerably, dropping to $192 million in the first quarter compared with $322 million in first quarter 2011.