Jumptonavigation Jumptosearch Books-A-MillionInc.">
|Founder||Clyde W. Anderson|
Number of locations
| Clyde B. Anderson, Chairman|
Terrance G. Finley, CEO & President
R. Todd Noden, CFO
|Revenue||$474.084 million (2014)|
|$4.619 million (2014)|
|$2.908 million (2014)|
|Total assets||$294.251 million (2014)|
|Total equity||$113.264 million (2014)|
Number of employees
|Subsidiaries||Yogurt Mountain (40%)|
|Footnotes / references|
Books-A-Million, Inc., also known as BAM!, owns and operates the second largest bookstore chain in the United States, operating 260 stores in 32 states. Stores range in size from 4,000 to 30,000 square feet and sell books, magazines, collectibles, toys, technology, and gifts. Most Books-A-Million stores feature "Joe Muggs" cafés, a coffee and espresso bar.
Stores operate under the names Books-A-Million, Bookland, Books & Company, and over 40 used merchandise stores as 2nd & Charles.
The company owns Yogurt Mountain Holding, a frozen yogurt retailer and franchisor with 40 locations. The company also owns Preferred Growth Properties, which develops and manages commercial real estate investments.
The company also owns and operates American Wholesale Book Company (AWBC), an e-commerce division operating as booksamillion.com, and an internet development and services company, NetCentral, in Nashville, Tennessee.
Books-A-Million was founded in 1917 in Florence, Alabama as a newsstand by 14-year old Clyde B. Anderson, who dropped out of school to support his family after his father died. Anderson saw a business opportunity after workers on the nearby Wilson Dam complained that they could not get their hometown newspapers.
By 1980, the company had 50 stores.
On November 25, 1998, during the dot-com bubble, the stock price soared from $3 per share to $38.94 on November 27, 1998 and an intra-day high of $47.00 on November 30, 1998 after the company announced an updated website. Two weeks later, the share price was back down to $10. By 2000, the share price had returned to $3. Those days included suspenseful times for day traders, such as when the stock moved up 6 points in 13 minutes. During this time, insiders sold hundreds of thousands of shares.
In 1999, the company acquired NetCentral, the designer of its website, and began operating American Wholesale Book Company, a book wholesaler and distributor.
In October 2010, the company opened Yogurt Mountain locations in its bookstores.
In September 2010, the company launched 2nd & Charles, a trader of used media, with its first store in Hoover, Alabama across from Riverchase Galleria. In 2017, it opened its first store in North Alabama.
The company runs a bi-annual educator's week whereby it gives discounts to teachers.
In 2014, Books-A-Million was identified by 24/7 Wall Street as America's worst company to work for, citing low satisfaction among employees due to "high stress and low pay... low chance of promotion, [and] hours are based on magazine and discount card sales."