Barnes & Noble, Inc.
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| Type
| Public (NYSE: BKS)
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| Founded
| During the Great Depression on Fifth Avenue in New York, New York
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| Location
| New York, New York
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}
call=Infobox_Company/key_people
| 1=1=Leonard Riggio, Chairman
Steve Riggio, CEO, Vice Chairman
Mitchell S. Klipper, COO
}}
|
}
call=Infobox_Company/industry
| 1=1=Retail (Specialty)
}}
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}
call=Infobox_Company/products
| 1=1=Barnes & Noble Booksellers
B. Dalton
BN.com
Sterling Publishing Co.
}}
|
}
call=Infobox_Company/revenue
| 1=1= }}
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}
call=Infobox_Company/operating_income
| 1=1=
}}
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}
call=Infobox_Company/net_income
| 1=1=
}}
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}
call=Infobox_Company/num_employees
| 1=1=56,000 (2004)
}}
|
}
call=Infobox_Company/homepage
| 1=1=barnesandnobleinc.com
}}
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A typical Barnes & Noble bookstore.
Barnes & Noble, Inc. is the largest specialty retailer in the world, chiefly through the operations of its Barnes & Noble Booksellers chain of bookstores based in the United States. Additionally, in some markets, the company operates the smaller Bookstar and B. Dalton Booksellers chains, with the latter's branches chiefly located in shopping malls. The company is known for large, upscale retail outlets, many of which contain a cafe serving Starbucks coffee, and for competitive discounting of bestsellers. Most stores also sell magazines, newspapers, DVDs, graphic novels, and music. Video games and related items were sold in the company's GameStop retail outlets until October 2004, when the division was spun-off into an independent company.
As of January 31, 2004, the company operated 840 stores in 50 U.S. states and the District of Columbia. They plan to open 30-35 new stores every year.
Barnes & Noble's start could be traced back to 1873 when Charles M. Barnes opened up a store in Wheaton, Illinois as a book printer. The first true bookstore was actually set up by his son, William (in partnership with G. Clifford Noble), in 1917 in New York City. During the 1950s and 60's their bookstore in New York vied with Brentano's as a new-book retailer. Barnes & Noble distinguished itself by selling textbooks, scholarly, and technical books as well as a huge selection of general-interest titles.
The business was purchased in 1971 by Leonard Riggio, its current chairman. Riggio oversaw the growth of the struggling business into the largest retailer of books in North America, where its critics claim it has contributed (along with online retailer Amazon.com) to the decline of local booksellers. In 2002, Leonard Riggio's brother Stephen Riggio was named CEO.
The chain opened an online bookstore, bn.com, in 1997, largely to compete with Amazon. The two businesses make an interesting comparison, because as of 2003 Amazon was and is a pure Internet business, while Barnes & Noble combines what is practically a clone of the Amazon Internet bookstore with their huge chain of brick-and-mortar retail stores.
Publishing
Unlike most other bookstore chains, Barnes & Noble has a significant publishing business line. Under its own imprint, Barnes & Noble publishes a number of specialty titles, particularly large-format coffee table books featuring photography, graphic arts, or maps. These include a number of books where Barnes & Noble has acquired the U.S. or English-language rights from another publisher, or where copyright has expired, and arranges for the material to be inexpensively reprinted, often in Singapore or China. In addition, Barnes & Noble commissions reprint anthologies and omnibus editions using in-house editors.
Beginning around 1992 through early 2003, Barnes & Noble released a series of Adult and Children Literature Classics. Originally only available in hardcover, most of the titles came in a black dustjacket version as well as a cream colored dustjacket version. In 2003, Barnes & Noble revamped and expanded the line of Literature Classics as well as released them in both hardcover and paperback mass market editions. As of October 2005 they continue to release new titles to their Classics selection.
In 2002, Barnes & Noble acquired Sterling Publishing, which chiefly publishes how-to books.
CEO Stephen Riggio has been quoted as saying that he expects 10% of Barnes & Noble bookstore sales to come from books published in-house. While this has been praised as a good business strategy, it is controversial in both bookselling and publishing industry circles because of the competitive advantages conferred by vertical integration.
Starbucks and Barnes & Noble
Most Barnes & Noble locations feature a Barnes & Noble Café, serving a modified Starbucks beverage menu, along with bakery items from The Cheesecake Factory and bottled beverages from a multitude of vendors. B&N Cafés are owned and operated exclusively by Barnes & Noble, Inc. Nevertheless, the Starbucks logo is a prominent portion of the overall B&N Cafe branding package, and is depicted on cups, architectural signage, and employee uniforms. Understandably, this leads to confusion for many customers, often traveling, who attempt to use their Starbucks gift cards, or order drinks that are available in actual Starbucks stores but are not on the somewhat pared-down Barnes & Noble Café menu.
Ironically Barnes & Noble's competition, Borders, also has a relationship with Starbucks, as they are replacing their cafés with cafés that feature Starbucks-owned brand, Seattle's Best Coffee.
In 2004, Barnes & Noble began offering wi-fi in the cafe area of selected stores, using the SBC FreedomLink network. As of late 2005, service was available in approximately 600 out of B&N's 850 stores, with all stores to be wired by the end of 2006.
External links
- Barnes & Noble online bookstore
- Barnes & Noble corporate websitenl:Barnes and Noble
Search Term: "Barnes_%26_Noble"
Categories: Retail companies of the United States | Bookstores | Music retailers | Companies based in New York City
