Profile: Barnes & Noble Inc (BKS.N)
Barnes & Noble, Inc. (Barnes & Noble), incorporated on November 19, 1986, is a bookseller. The Company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform. As of May 3, 2014, the Company operated 1,361 bookstores in 50 states, including 700 bookstores on college campuses. It also operates eCommerce sites and develops digital reading products and operates digital bookstores. Barnes & Noble operates in three segments: B&N Retail, B&N College and NOOK. The Company’s principal business is the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on barnesandnoble.com. Of the Company’s 1,361 bookstores, 661 operate primarily under the Barnes & Noble Booksellers trade name. Barnes & Noble College Booksellers, LLC (B&N College), a wholly owned subsidiary of Barnes & Noble, operates 700 college bookstores at colleges and universities across the United States. Retail also includes the Company’s eCommerce site and Sterling Publishing Co., Inc. (Sterling or Sterling Publishing), which is engaged in general trade book publishing.
The B&N Retail segment operated 661 bookstores as of May 3, 2014 under the Barnes & Noble Booksellers trade name. These stores offer a dedicated NOOK area, a comprehensive trade book title base, a cafe, and departments dedicated to Juvenile, Toys & Games, DVDs, Music, Gift, Magazine and Bargain products. The stores also offer a calendar of ongoing events, including author appearances and children’s activities. The B&N Retail segment also includes the Company’s eCommerce website, barnesandnoble.com, and its publishing operation, Sterling Publishing. Barnes & Noble stores range in size from 3,000 to 60,000 square feet depending upon market size, with an overall average store size of 26,000 square feet. As of May 3, 2014, the Company’s B&N Retail segment purchases physical books on a regular basis from over 730 publishers and over 50 wholesalers or distributors. As of May 3, 2014, Barnes & Noble had stores in 161 of the total 210 Designated Market Area markets. Sterling Publishing is a publisher of non-fiction trade titles. Sterling Publishing is a range of non-fiction and illustrated books and kits across a range of imprints, in categories, such as health and wellness, music and culture, food and wine, crafts and photography, puzzles and games, history and current affairs, as well as a children’s books.
The Company competes with Books-A-Million, Amazon.com, Apple, Costco, Target and Wal-Mart.
The B&N College segment sells new and used textbooks in campus bookstores and online. As of May 3, 2014, B&N College operated 700 stores nationwide. The Company’s customer base, which is mainly consisted of students and faculty, can purchase various items from their campus stores, including textbooks and course-related materials, emblematic apparel and gifts, trade books, computer products, NOOK products and related accessories, school and dorm supplies, convenience and cafe items. As of May 3, 2014, B&N College operated 664 traditional college bookstores and 36 academic superstores, which are generally larger in size, offer cafes and provide a sense of community that engages the surrounding campus and local communities in college activities and culture. B&N College’s three customer constituencies are students, faculty members and campus administrators.
The Company competes with Follett Corporation, Nebraska Book Company, Apple, Google, Amazon.com and Chegg.com.
The NOOK segment includes the Company’s digital business, which includes the Company’s eBookstore, digital newsstand and sales of NOOK devices and accessories to third party distribution partners, as well as to B&N Retail and B&N College. Barnes & Noble’s NOOK digital bookstore and Reading Apps provide customers the ability to purchase and read their digital content and access to their Lifetime Library on a range of digital platforms, including Windows 8 PCs and tablets, iPad, iPhone, Android smartphones and tablets, PC and Mac. Barnes & Noble has implemented features on its digital platform to ensure that customers can access their NOOK content from various devices. The Company’s third-party retail partners include Wal-Mart, Target, Books-A-Million, Fry’s Electronics, MicroCenter, QVC and HSN retailers.
The Company competes with Apple and Amazon.com.
Barnes & Noble Inc
122 FIFTH AVE
NEW YORK NY 10011