How it started
History
Books-A-Million was founded in 1917 in Florence, Alabama, as a newsstand by 14-year old Clyde W. Anderson, who dropped out of school to support his family after his father died. Anderson saw a business opportunity after workers on the nearby Wilson Dam complained that they could not get their hometown newspapers.
In 1950, Charles C. Anderson, the founder's son, inherited the store and expanded it into a chain. The company incorporated as Bookland in 1964.
By 1980, the company had 50 stores.
In 1988, Bookland acquired the Gateway Books retail chain based in Knoxville, Tennessee. The same year, the company opened its first superstore format store.
In 1992, the company changed its name to Books-A-Million, Inc. and became a public company via an initial public offering of 2.6 million shares at a price of $13 per share.
From Wikipedia’s article on Books-A-Million, shared under CC BY-SA 4.0.2
