Current:Home > FinanceHow Barnes & Noble turned a page, expanding for the first time in years -ProfitLogic
How Barnes & Noble turned a page, expanding for the first time in years
View
Date:2025-04-14 22:02:16
The ghost of Barnes & Noble past meets the spirit of Barnes & Noble future in a single shopping center in a suburb of Baltimore.
The new store in Pikesville, Md., separated by half a parking lot from its shuttered predecessor, is part of an unlikely plot twist: Barnes & Noble is staging its largest expansion in over a decade.
After years on the brink of extinction, the book chain is planning to open some 30 new stores this year. Many are returning the retailer to areas it previously abandoned. In a few, Barnes & Noble is even taking over former Amazon bookshops.
The retailer hopes this will turn a new leaf. Barnes & Noble sales have been rising, and last year grew more than 4%, according to Shannon DeVito, director of books.
"What has changed is, I think, my hope that we're going to be here for decades and decades and decades now," she says.
The biggest change borrowed from indie bookstores
Barnes & Noble's collapse spanned the 2010s: The archetypal big-box villain ravaging independent bookstores eventually became lunch for Amazon. Its online store lagged behind, while its physical stores got overrun by gadgets, blankets and trinkets in pursuit of any kind of sale.
In 2019, Barnes & Noble was bought out by a hedge fund, often a perilous development. But this buyout brought along a new CEO, James Daunt, who had led a seemingly miraculous turnaround of the U.K.'s largest bookstore chain Waterstones.
Daunt pushed for Barnes & Noble stores to "weed out the rubbish" from their shelves. The retailer has embraced TikTok's BookTok and social-media influencers, and shook up its deals with publishers. (The chain stopped accepting publishers' payments for special displays. This was quick money, but often risked saddling prime spots with unpopular books and triggering a series of costs for the store.)
The biggest change borrowed from the playbook of independent bookshops: Daunt gave local Barnes & Noble stores much more authority to order what their readers, in their area want to see.
It's "a huge shift, frankly, in philosophy for us as a bookseller," DeVito says. "It's not an algorithm. It's not something that's dynamically pulled from a code. It's very much a — I read this, I loved it, I know this area really gravitates towards beekeeping books, so I'm going to create the best beekeeping display I can because this is my local store."
The chain took advantage of oddly opportune timing
Not long after Daunt took helm, the pandemic lockdowns left Barnes & Noble shuttered, followed by furloughs and layoffs. But the company also used that time to renovate the stores and recalibrate the business. Retail bankruptcies created cheaper space for new stores, too.
Then, 2021 set the record for book sales in the U.S., meaning the refreshed Barnes & Noble launched exactly when people were buying more books than ever.
"We scaled Everest in 2021, the highest point ever in the book market," said Kristen McLean, executive director of NPD BookScan. "And Barnes & Noble was in a perfect position to capitalize on that because they were that fresh energy ... and consumers were really happy to be back in bookstores."
The chain has continued to close some stores even as it expanded into new ones. In northern Virginia, Barnes & Noble will soon open its largest store in years, at 28,000 square feet, in a former Office Depot space. The new Pikesville bookshop has a smaller city format, inside a former Pier 1 store.
The store makeover faces scrutiny from shoppers
New stores get a near-total makeover: brighter paint, lighter wood, a new layout. Bookshelves get arranged not in rows of alphabetical stacks but in thematic nooks, meant to encourage shoppers to linger, browse and maybe find something they didn't know they wanted.
Friends Kendra Wallace and Audryana Pitts-Wright stopped by the Pikesville store in search of the latest Ebony magazine, which this Barnes & Noble did not carry.
"The look, the feel is obviously different than a traditional Barnes & Noble — that I did notice," Pitts-Wright said. "But at the same time, it doesn't really feel authentic. They're trying to capture the more intimate, independent bookstore feel when it's still just a Barnes & Noble."
Still, Wallace left the store with a shopping bag. Inside were novels she'd followed on social media and had on her list: Seven Days In June by Tia Williams and Tender Is The Flesh by Agustina Bazterrica.
"Should I have bought more books for my collection? Probably not," Wallace said and laughed. "I'm a reader."
Barnes & Noble may not have sold the friends on its new identity, but it did sell them some books.
Editor's note: Ebony has switched to digital-only publication and, with the exception of some special editions, stopped printing magazines in 2019.
veryGood! (4)
Related
- Why members of two of EPA's influential science advisory committees were let go
- Malcolm X arrives — finally — at New York's Metropolitan Opera
- Tupac Shakur has an Oakland street named for him 27 years after his death
- 4 Virginia legislative candidates, including ex-congressman, are accused of violence against women
- Could your smelly farts help science?
- King Charles III meets with religious leaders to promote peace on the final day of his Kenya visit
- Woman reported missing found stabbed to death at Boston airport, suspect sought in Kenya
- Surfer's body missing after reported attack by large shark off Australia
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- 5 Things podcast: Israel says Gaza City surrounded, Sam Bankman-Fried has been convicted
Ranking
- New data highlights 'achievement gap' for students in the US
- Malcolm X arrives — finally — at New York's Metropolitan Opera
- Bass Reeves deserves better – 'Lawmen' doesn't do justice to the Black U.S. marshal
- Jury to decide fate of FTX founder Sam Bankman-Fried as deliberations begin
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Jessica Simpson Celebrates 6 Years of Sobriety With Moving Throwback Message
- What's Making Us Happy: A guide to your weekend viewing and listening
- Blinken warns Israel that humanitarian conditions in Gaza must improve to have ‘partners for peace’
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Head of China’s state-backed Catholic church to visit Hong Kong amid strained Sino-Vatican relations
Vanderpump Rules Reveals Explosive Season 11 Teaser
German club Mainz terminates Anwar El Ghazi’s contract over social media posts on Israel-Hamas war
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Pulling an all-nighter is a temporary antidepressant
Jeff Bezos to leave Seattle for Miami
Robert De Niro’s former top assistant says she found his back-scratching behavior ‘creepy’