Barnes & Noble Properties For Sale
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| Name | Barnes & Noble |
|---|---|
| Public | |
| Traded as | NYSE: BKS |
| Predecessor | Arthur Hinds & Company |
| Founded | New York City, United States (1917 first bookstore opened) |
| Founder | Charles M. Barnes William Barnes G. Clifford Noble |
| Headquarters | 1225th Ave Manhattan, New York City,U.S. |
|
Number of locations
|
as of November 1, 2014, 658 retail stores and 714 college bookstores |
|
Key people
|
Leonard Riggio (Executive chairman) Michael P. Huseby (CEO) |
| Revenue | US$7.129 Billion (FY 2012) [1] |
| US$-61.303 Million (FY 2012) [1] | |
| US$-68.687 Million (FY 2012″) [1] | |
| Total assets | |
| Total equity | US$747 Million (FY 2012) [1] |
| Website | www www |
About Barnes & Noble :
Barnes & Noble, Inc., is a Fortune 500 company, the largest retail bookseller in the United States, and a leading retailer of content, digital media and educational products in the country. The company operates 658 retail stores (as of November 1, 2014) in all 50 U.S. states in addition to 714 college bookstores that serve over 5 million students and more than 250,000 faculty members across the country.[4] Barnes & Noble also operates BN.com.
Barnes & Noble operates mainly through its Barnes & Noble Booksellers chain of bookstores and the company’s headquarters are at 122 Fifth Avenue in the Ladies’ Mile Historic District in Manhattan in New York City.[5] Barnes & Noble College Booksellers is headquartered in Basking Ridge, New Jersey.
After a series of mergers and bankruptcies in the American bookstore industry since the 1990s, Barnes & Noble stands as one of America’s last remaining national bookstore chains along with Books-A-Million.[6][7] Previously, Barnes and Noble operated the chain of small B. Dalton Booksellers stores in malls until they announced the liquidation of the chain. The company is known for large retail outlets, many of which contain a café serving Starbucks coffee. Most stores sell books, magazines, newspapers, DVDs, graphic novels, gifts, games, music, and Nook e-readers and tablets.
In March 2010, William Lynch, formerly the president of the company’s website, was appointed CEO. He is credited with helping launch the company’s electronic book store and overseeing the introduction of its electronic book reader, the Nook. Many observers saw his appointment as underscoring the importance of digital books to Barnes & Noble’s future. Steve Riggio stayed on as vice chairman.[33]
After the bankruptcy and closure of its chief competitor, Borders Group, in 2011,[34] Barnes & Noble became the last remaining national bookstore chain in America.[6][7] This followed a series of mergers and bankruptcies in the American bookstore industry since the 1990s, which also saw the demise of Waldenbooks, Barnes & Noble’s own subsidiary B. Dalton and Crown Books, among others. Barnes & Noble’s largest physical bookstore rival is now Books-A-Million, which does not operate in the Western US. Barnes & Noble also faces competition from general retailers, especially from Amazon.com, and from regional and independent booksellers.
On October 23, 2012, the New York Times reported that credit card information was stolen in 63 stores.[35]
On July 8, 2013, the company announced the resignation of William Lynch as Barnes & Noble CEO and board member, effective immediately. No immediate replacement was named.[36]
On January 8, 2014, it was announced that Michael P. Huseby would become the new CEO of Barnes and Noble. Huseby had joined Barnes & Noble as Chief Financial Officer in March 2012, and led the company’s financial organization until his appointment as President in July 2013. Prior to joining Barnes & Noble, he worked in the media communications industry, most recently having served as Executive Vice President and Chief Financial Officer of Cablevision Systems Corporation.[37]
On June 25, 2014, it was announced that Barnes & Noble planned to spin off the Nook Media division into an independent, publicly traded company.[38] In the summer of 2014, Barnes & Noble partnered with Google Shopping Express in some U.S. cities to offer same-day delivery for books and other products. In 2014 it also teamed up with Samsung (which manufactures B&N’s Nook tablet devices) and also launched a print-on-demand service for aspiring authors.[39]
On August 3, 2015, Barnes & Noble College and Yuzu were spun off into the independent, publicly traded company Barnes & Noble Education.[40]