Inventory Controls Help Books-A-Million Post Strong 2003 Earnings

March 2004
Book Publishing Report;3/29/2004, Vol. 29 Issue 11, p3
Trade Publication
The article reports on the effect of inventory controls in the sale of books by Birmingham, Alabama-based book retail chain, Books-A-Million Inc. in 2003. The book retailer reported sales of $460.2 million its fiscal year ended January 31, compared to $438.2 million in 2002. The company's net income for 2003 was $7.2 million or 43 cents per share, versus $1.4 million or 8 cents a share in the previous year. Improved expense and inventory controls coupled with improved bestseller sales helped Books-A-Million Inc. post solid 2003 financial gains.


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