Books-A-Million

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Books-A-Million (Nasdaq: BAMM) is the second-largest book retailer in the United States. The corporate office is located at 402 Industrial Lane in Birmingham's Oxmoor Industrial Park. In addition to its flagship superstores, the company also operates smaller stores under the Bookland and Joe Muggs names.

Brands and structure

Books-A-Million's primary business is done through a series of Books-A-Million superstores which feature a Joe Muggs coffee bar, which is also the name used for the company's free-standing newsstand operations. The company also operates shopping mall book and greeting card stores under the name Bookland. In addition to its primary retail component, the corporation includes two book wholesale and distribution subsidiaries, American Wholesale Book Company and Book$mart, Inc., both located in Florence, an e-commerce division operating as booksamillion.com, and acquired an internet development and services company, NetCentral, based in Nashville, in 1999. The Books & Company badge, formerly used on its Brookwood Village store to signal a more sophisticated and comprehensive flagship store, has been retired.

As of 2011 the company has over 200 stores in 23 states and the District of Columbia. As of 2010, the company had about 5,500 employees. It's 2005 sales totaled $503,751,000.00.

History

Books-A-Million was founded in 1917 as a street corner news stand in Florence, Lauderdale County by Clyde Anderson when he was 13 years old. He started out selling books, newspapers and fireworks out of a shed pieced together from old piano crates in order to support his siblings after the death of his father.

In the 1950s, under the guidance of Anderson's son Charles, the company greatly expanded its book store business, opening Bookland stores across the South. Books-A-Million superstores started opening in the 1980s as Anderson pursued the concept of making a bookstore into a destination retailer. In 1992, he took the company public.

In 2011, Books-A-Million became the second-largest book retailer in the United States after the announcement from larger rival Borders Group that it was liquidating all of its assets and going out of business. The company purchased 14 of Borders' locations in August 2011. In late 2015 the Anderson family resumed controlling interest in Books-A-Million, making it a private company again.

Officers

The company is headed by CEO Terrance G. Finley, who is also acting as president and chief operating officer. Clyde B. Anderson, grandson of the founder, is Executive Chairman of the Board. Douglas Markham became Chief Financial Officer after Richard Wallington's retirement on July 5, 2006.

CEOs

Greater Birmingham locations

Bookland

Books & Company

Books-A-Milion

Book$mart

Joe Muggs

References

External links