Barnes & Noble hopes to open 50 stores this year
Barnes & Noble ended 2023 with 609 stores, or an annual increase of 10 stores. CEO James Daunt’s goal for this year is 50 additional stores.
Barnes & Noble ended 2023 with 609 stores, or an annual increase of 10 stores. CEO James Daunt’s goal for this year is 50 additional stores.
CEO James Daunt discusses the necessarily slow journey to improve, store by store, after the chain was run by “numpties.”
In a profile of James Daunt, it’s revealed that the chain now has returns down to 7 percent from its previous average of 30 percent.
When it first started many years ago, the membership program cost $25 per year. The cost is now $40 and comes with new perks.
On Feb. 4 in New York City, Barnes & Noble’s flagship store is hosting a #BookTok festival, a ticketed event that has already sold out.
The US chain plans to stock fewer hardcovers‚ especially children’s titles, which will force publishers and authors to re-evaluate their publishing and marketing strategies.
The #BookTok challenge encourages TikTok users to engage in behavior they are already engaging in: reading books and sharing their reactions.
A Virginia political candidate has filed suit against a Barnes & Noble in Virginia Beach for carrying two “obscene” books.
The case was brought by a Virginia politician running for Congress, Tommy Altman, and he isn’t interested in school library removal alone.
A recent New York Times article was taken to task for being overly celebratory of the chain’s performance and position in the market.