Books-A-Million to open stores in Nebraska and Pennsylvania
The new stores will mark the chain's first entry into these states and will bring the number of states that it operates in to 22. These new stores reflect the company's belief that there are additional growth opportunities for the Books-A-Million concept in both the company's existing trading areas as well as in new markets throughout the country. In fiscal 2008, the company expects to open eight superstores, relocate three to four existing stores, and close four to six stores, excluding stores closed due to relocation. For fiscal 2009, the company sees the opportunity for additional store growth and plans to open 15 to 20 new stores, relocate five to ten stores, and close two to four stores, excluding stores closed due to relocation. Sandra Cochran, president and CEO, said: "We are excited about the growth opportunities that we see in the marketplace, and we are looking forward to bringing Books-A-Million stores to a growing number of states in fiscal 2009."