Booksellers Go Hungry As Fifty Shades Goes Away

Sometimes last year's good news is this year's problem. That's the situation both Barnes & Noble (NYSE:BKS) and Books-A-Million (NASDAQ:BAMM) are in after the runaway success of the Fifty Shades of Grey books and the Hunger Games series in 2012. That boosted the booksellers' numbers, but the boost is now gone. When Books-A-Million reported its quarterly results on Wednesday (Aug. 28), not only were its same-store sales down by 12 percent, but even online sales dropped 3 percent, according to an estimate by Internet Retailer. At least Books-A-Million can be thankful it doesn't have its own e-reader. Barnes & Noble logged a 15.8 percent drop in digital content sales alone. Story

 

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