Terry Finley, CEO of Books-a-million, recently shared 3 lessons of the company’s success from its humble beginnings to Florence, AL to the second largest book retailer in the U.S.
According to Finley, figuring out how to effectively compete, identifying key partnerships and planning for evolution have enabled Books-a-million to continue its growth over the years.
Books-a-million is an Anderson family owned businesses, including a fireworks, imports and publishing arm. The company completed a $21M deal to go private last year. More from the BBJ
“The only part of the Anderson companies that was ever public was Books-A-Million,” Finley said. “We’ve found that (being private allows us more) flexibility and saves us substantial money and allows us to put our full energy into serving customers and growing our business for the next 100 years.”
As a sign of its flexibility and evolution, the enterprise has entered the burgeoning resell book, music and game market called Second and Charles. With 29 U.S. locations including one in Hoover, it appears to be taking off quite nicely.
Birmingham is proud to be home to Books-a-million.