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Books-A-Million, Inc. Message Board

  • queenie_07675 queenie_07675 Dec 27, 1999 1:44 PM Flag

    give us a break BAMM

    Why is Walmart doing ok today and BAMM so pathetic?

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    • still shows strategic partnership with BAMM -- at
      least according to the news on their site today.
      Anything is possible, but with BAMM's small float--I
      wouldn't get caught short after tomorrow. Time will tell.

    • Why Walmart is OK today and BAMM is
      pathetic?

      2 reasons:

      1. BAMM is a separate business
      from WMT and can be viewed as, say, chocolate
      sprinkles on top of your 5 scoops of vanilla ice cream (can
      be strawberry, if you like) - WMT.

      2. BAMM is
      Nasdaq listing which is down 50+ points and, if my
      memory still is with me, WMT is on NYSE is which up more
      than 40...

      How 'bout that for explanation...

      • 2 Replies to boshael
      • Nasdaq ended up I believe, and BAMM is a nasdaq stock.

      • Retailers Revel in Strong Holiday Sales

        By
        Ilaina Jonas
        Reuters

        NEW YORK (Dec. 27) - U.S.
        retailers were still dripping with Yuletide cheer Sunday as
        deep-pocketed shoppers crammed malls to extend a holiday
        gift-buying season that has already exceeded
        expectations.

        ''It's just jingle all the way,'' said William Ford,
        senior economic advisor to TeleCheck Services Inc., a
        provider of checking services to retailers.

        ''If
        it's like the rest of the season, it probably will be
        the record year of the 1990s. It's just a perfect
        Christmas for retailers,'' he added.

        Ford said he
        expects same-store sales for the Christmas season, which
        he defined as the 29 days after Thanksgiving, to
        rise about 6 percent above the same period a year ago.
        Add another 1 percent for sales from stores that
        didn't exist last year and about 1.5 percent from retail
        sales over the Internet and total holiday season sales
        may increase by over 8 percent.

        ''This has
        been a truly remarkable story for the retail
        industry,'' said Scott Krugman, spokesman for the National
        Retail Federation, an organization representing the full
        gamut of retailers from department stores, to online
        retailers, to mom-and-pop stores.

        The federation
        expects the U.S. Department of Commerce to release
        figures next month showing that Americans spent about
        $184 billion during the November-December holiday
        season, about a 6.5-percent increase from 1998, Krugman
        said.

        ''I can't wait to see the final numbers,'' he
        said.

        The biggest reason for a season that may make
        retailers giddy is the economy -- low inflation, low
        unemployment, and strong consumer confidence.

        The season
        accounts for about 25 percent of annual retail sales, and
        even more for some smaller stores.

        Shoppers
        Sunday couldn't wait to get past the doors and spend the
        gift certificates they received for Christmas, or grab
        on-sale merchandise.

        At Woodfield Mall, in the
        Chicago suburb of Schaumburg, Ill., more than 1,000
        people went online the traditional way and cued up
        outside Marshall Field's for the department store's 6:30
        a.m. opening.

        Crate & Barrel at the same mall
        was forced to limit the amount of people in the store
        when the check-out line reached 150, said Karen Mac
        Donald, spokeswoman for Taubman Centers Inc., owner and
        operator of 28 shopping centers in 12 states.

 
BAMM
3.250.00(0.00%)Dec 9 3:59 PMEST