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(Marketwatch)   And just like that, BAM, $49 million   (marketwatch.com) divider line 13
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5029 clicks; posted to Business » on 30 Apr 2012 at 8:43 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-30 09:32:27 AM
Managed one of their stores in D.C. - the homeless population robbed us blind (weren't allowed to stop and/or search people or backpacks brought into the store).
 
2012-04-30 10:08:40 AM
They are finished, unless the change their name to "kids books" and sell only kids books while having a play area and a place for moms to buy coffee while the kids play and then buy books.

/im a farking genius
 
2012-04-30 10:09:18 AM
97X, bam! The future of rock 'n' roll. 97X, bam! The future of rock 'n' roll. 97X, bam!
 
2012-04-30 10:15:05 AM

FuLinHyu: Managed one of their stores in D.C. - the homeless population robbed us blind (weren't allowed to stop and/or search people or backpacks brought into the store).


The one in Dupont Circle? I always wondered how they stayed in business 2 blocks from Kramerbooks
 
2012-04-30 10:23:32 AM

Carth: FuLinHyu: Managed one of their stores in D.C. - the homeless population robbed us blind (weren't allowed to stop and/or search people or backpacks brought into the store).

The one in Dupont Circle? I always wondered how they stayed in business 2 blocks from Kramerbooks


Yup, that is the one and that store did a TON of business which is why corporate probably put up with the boatloads of shoplifters (many of whom probably sold their stolen books at Kramers).
 
2012-04-30 10:56:41 AM
The last Books-a-million I went into (before it closed) seemed kinda crappy. I spent nearly 15-20 minutes looking for some Lovecraft because I was in the mood for some classic horror fiction, nada. However they did have over 2 aisles of manga and comics at the ready.

/Wish I was kidding.
//Was not a small store.
 
2012-04-30 12:12:10 PM
CSB

In Bangor the only bookstore that was left was Borders. B&N left LONG ago, and the local guys (Mr. Paperback) haven't been doing too hot. When I heard that the BAM deal fell through I was kind of run down. No local bookstores (meaning it was Amazon or GTFO).

The irony is that BAM bought the Border's building after they shut down cheaper than if they'd just sold the business intact.

/CSB
 
2012-04-30 12:14:21 PM
I just want to point out that I think it's a myth that brick and mortar bookstores are being hurt by lower book sales due to rising sales of eBooks. That is hurting them, but not in enough of a proportion to run them out of business. After all, most booksellers buy product on a returnable basis.

No, what's hurting them is the fact that demand for books, period, has gone way down. The most unsustainable business in a declining market is a big box chain that focuses on discounting product. BAM! is not as nice as Barnes & Noble and hasn't yet taken B&N's approach to stay relevant by expanding product offerings into other areas (such as toys and games). B&N is really turning into a glorified gift shop, but that's what it takes to stay in business as a big box bookseller in 2012.
 
2012-04-30 12:42:19 PM

secularsage:

No, what's hurting them is the fact that demand for books, period, has gone way down.


Do you have any links that talk about this? With the combination of huge best sellers in the past 5 years from the YA genre along with selfpublishers selling 100k+ copies I would have bet overall sales were up.
 
2012-04-30 01:10:26 PM

secularsage: I just want to point out that I think it's a myth that brick and mortar bookstores are being hurt by lower book sales due to rising sales of eBooks. That is hurting them, but not in enough of a proportion to run them out of business. After all, most booksellers buy product on a returnable basis.

No, what's hurting them is the fact that demand for books, period, has gone way down. The most unsustainable business in a declining market is a big box chain that focuses on discounting product. BAM! is not as nice as Barnes & Noble and hasn't yet taken B&N's approach to stay relevant by expanding product offerings into other areas (such as toys and games). B&N is really turning into a glorified gift shop, but that's what it takes to stay in business as a big box bookseller in 2012.

[citation needed]

 
2012-04-30 03:08:26 PM

Carth: The one in Dupont Circle? I always wondered how they stayed in business 2 blocks from Kramerbooks


Perhaps because Kramer's coffee and snacks are even more overpriced than Starbucks?

// used to visit the BAM
// then I got a Nook, sorry retail stores
 
2012-04-30 03:09:13 PM

RsquaredW: Carth: The one in Dupont Circle? I always wondered how they stayed in business 2 blocks from Kramerbooks

Perhaps because Kramer's coffee and snacks are even more overpriced than Starbucks?

// used to visit the BAM
// then I got a Nook, sorry retail stores


Yea but the live jazz music was nice when they had it.
 
2012-04-30 05:46:03 PM

secularsage: The most unsustainable business in a declining market is a big box chain that focuses on discounting product.


Except it seems like every book I want is most expensive at BAM. If I absolutely have to have it right now, I get it at BAM. If I absolutely have to have it today, I drive to B&N (yes, they beat out BAM on a lot of books). If I can wait two days, I'll do Amazon.
 
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