Books-A-Million Store Closing it's doors in Mandarin
by Bloom Realty
on Thursday, January 26th, 2012 at 1:00am.
Though the Books-A-Million store off San Jose in Mandarin is closing, the company is actually trying to expand, by snapping up former Border’s locations since Borders closed its doors in early 2011.
BAM is closing four stores across the U.S., including the Mandarin location. With Borders on its way out, the Alabama-based Books-A-Million is now the second second-largest bookstore chain in the United States, and it’s closing only a small portion (four of its 232 stores). Ironically, its sales were boosted by BAM offering the Barnes & Noble’s Nook. Since last fall, Books-A-Million has carried Barnes & Noble’s Nook, the sales of which helped its electronic commerce trade segment see a 24.3 percent increase in net sales for the quarter.
“Books-A-Million is trying to send a message that its problems aren’t as extensive as a other bookstore chain’s,” said a company executive. Signs on the affected stores read, “STORE CLOSING. This location only.”
Books-A-Million may be falling victim to the same trend that CD music stores suffered – the growing transition to the era of the e-book. CEO Clyde Anderson said, “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.”
Books-A-Million is buying the leases of 14 Borders stores for $934,000, including stores in Maine, Connecticut and Iowa, where it will be staking out a presence for the first time. Its earlier bid to buy 35 Borders stores fell through.