The bookseller had a "disappointing" quarter with comparable store sales down nearly 6%, but a deal with competitor Barnes & Noble to sell the Nook e-reader could help end the year on a more positive note.
Barnes & Noble has unveiled the latest version of its Nook e-book reader. Aimed at mainstream readers, B&N hopes a new Nook with color display will rack up big holiday sales and help end Ron Burkle's proxy fight.
For investors, Books-A-Million stands out for its stability in a turbulent industry. The bookseller reported that second-quarter profits climbed to $1.9 million, although its sales fell.
Books-A-Million's revenue slipped 1% in the first quarter, thanks to the absence of a new novel from Stephenie Meyer, author of the Twilight vampire series. But a new book is on its way.
