- Boring Business Nerd
- Posts
- Barnes & Noble is “experiencing strong sales”
Barnes & Noble is “experiencing strong sales”
Amazon almost put them out of business; now they are copying the indie bookstore model to claw their way back to the top.
Kieran Ryan
November 11, 2024
TODAY’S STORY
Barnes & Noble is on track to open 60 new locations this year.
Barnes & Noble CEO James Daunt states that the bookseller is “experiencing strong sales” after ditching its one-size-fits-all large retail outlets. New stores copy the indie bookstore model, featuring the company’s latest design (e.g., brighter paint, lighter wood, new layout, etc.), books, toys, games, gifts, and B&N cafes.
The retailer also stopped accepting publishers’ payments for special displays. This practice was quick and easy money for the bookseller, but it hurt the company long-term, as unpopular books would sit in prime real estate for weeks on end within stores.
The bookseller, now selling 190MM physical books annually, has come a long way since they were on the verge of bankruptcy six years ago.
OUR PICKS
Here are today’s recs to help you live a smarter life…
1. A timeless classic.
The RB2140 Original Wayfarer Everglasses go well with any outfit. 30% off for a limited time.*
2. Coffee with a boost.
It all starts with rich, bold coffee blended with vanilla flavor. Drink up. Then, own the day.*
3. Designed with movie buffs and music lovers in mind.
This top-of-the-line soundbar combines Dolby Atmos and Bose TrueSpace technology for a fully immersive experience that goes beyond watching.*
#SHORTS
How Elon & Trump’s quid pro quo helps Tesla
@boringbusinesskieran How Elon & Trump’s quid pro quo helps Tesla 🤝 // Trump trade pt. 4 #tesla #elonmusk #trump #business #techtok #stockmarket
PREVIOUS STORIES
AI Data Centers Go Nuclear — Microsoft’s AI needs so much power it’s restarting the site of the worst U.S. nuclear accident.
Apple’s bid for older customers — Apple is trading in the sexy styles for features that appear helpful to a user base that is getting older.
The ‘Tonight Show’ is no longer tonight — Why late-night television is cutting back hours.
PE firms key in on youth sports — Private equity wants a piece of the $50B youth sports industry.
AmEx doubles down on dinner reservations — AmEx’s $400 million acquisition of Tock highlights the importance of the culinary world to its cardholders.
To read the web version of previous stories, click here
If you have any comments or feedback, just respond to this email.
Thanks for reading,
Kieran & Justin Ryan
