Books-a-Million Losses in Millions

A combination of a 7.7% drop in comparable store sales and the closing of 21 underperforming stores led to an 8.1% decline in sales, to $94.4 million, at Book-A-Million in the third quarter ended October 29. The bookstore chain also took one-time costs of $3.8 million related to the store closings as well as to the opening of 41 new BAM! stores this month. BAM! reported a loss of $4.0 million in the most recent period up from $1.7 million loss in last yearâ??s third quarter.