Profile: Barnes & Noble Inc (BKS.N)
3 May 2016
Barnes & Noble, Inc., incorporated on November 19, 1986, is a retailer of content, digital media and educational products. The Company's segments include Barnes & Noble Retail (B&N Retail) and NOOK. The Company is a content, commerce and technology company, which provides access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform. 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, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, emblematic apparel and gifts, school and dorm supplies, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on barnesandnoble.com. The Company operates approximately 648 bookstores in around 50 states.
The B&N Retail segment includes bookstores under the Barnes & Noble Booksellers trade name. Barnes & Noble bookstores offer a NOOK area, a trade book title base, a cafe, and departments dedicated to juvenile, toys and games, digital versatile discs (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 e-commerce Website, barnesandnoble.com, and its publishing operation, Sterling Publishing. Barnes & Noble stores range in size from approximately 3,000 to 60,000 square feet depending upon market size, with an overall average store size of approximately 26,000 square feet. The Company offers NOOK owners Always Free NOOK Support in all of its retail bookstores, as well as free Wi-Fi connectivity to enjoy the Read In Store feature to read NOOK Books for free, and the More In Store program, which offers free content and special promotions.
The NOOK devices have also opened up an additional market for NOOK related accessories, such as stands, covers, lights, and other items. Through its NOOK in Education program, the retail bookstores provide support and service to schools and educators who deploy NOOK in their classrooms. The Educational Toys & Games Department offers a retail space where parents and gift-givers can shop in three ways: by brand, by category and by age. The Barnes & Noble stores have music and movies and television departments, which offer compact discs (CDs), Vinyl long plays (LPs), DVDs and Blu-ray discs. These departments range in size from approximately 300 to 8,000 square feet and typically stock over 12,000 titles. The Company's DVD and Blu-ray selection focuses on classic movies, documentaries, fitness and instructional titles, British television series and movies, and foreign films. The music selection is centered on classical music, jazz, pop rock, and show tunes. The Company also offers a selection of Vinyl titles, available in all stores, along with turntables. The Barnes & Noble Kids' Club Program offers free rewards and special offers to participants and invites children to celebrate their birthday within the retail bookstores.
The Company's retail bookstores host a range of national and local events, which feature the products and services it offers. Each store plans its own community-based calendar of events, including author appearances, children's story times, poetry readings and book discussion groups. In addition, the Company hosts various national campaigns around various themes or audiences, such as Get Pop-Cultured with Barnes & Noble, Summer Reading, My Favorite Teacher Essay Contest, Educator Appreciation Days and the annual Holiday Book Drive, which provides books to at risk children in the communities it serves. The Company's inventory management database has approximately 16.0 million titles. It includes approximately 6.6 million active titles and provides each store with title selections.
Sterling Publishing is a publisher of non-fiction trade titles. Sterling publishes 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 and history and current affairs, as well as a children's line. Sterling has a title base of approximately 16,000 eBooks and print books. In addition, Sterling also distributes approximately 800 titles on behalf of client publishers. As of May 2, 2015, the Company had approximately 1,884,000 square feet of distribution center capacity. The Company has approximately 1,145,000 square foot distribution center in Monroe Township, New Jersey, which ships merchandise to stores throughout the country and to online customers. The Company also has approximately 600,000 square foot distribution center in Reno, Nevada, which is used to facilitate distribution to stores and online customers in the western United States.
The Company competes with Books-A-Million, Amazon.com, Apple, Costco, Target and Wal-Mart.
The NOOK segment includes the Company's digital business, including the Company's eBookstore, digital newsstand and sales of NOOK devices and accessories through B&N Retail. The NOOK business offers digital books, newspapers or magazines, anytime, on any device. The Company entered into a partnership to develop co-branded Samsung Galaxy Tab 4 NOOK tablets that feature the Barnes & Noble digital reading experience. 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 personal computers (PCs) and tablets, iPad, iPhone, Android smartphones and tablets, PC and Mac. The NOOK digital bookstore offers a catalog of books and magazines, numbering over four million titles.
NOOK sells a range of devices, including the Samsung Galaxy Tab 4 NOOK 7.0 and 10.1 devices and NOOK GlowLight. These devices provide customers access to the millions of books and magazines in the NOOK Store, and, through Google Play, more than 700,000 Android applications and games, millions of songs, thousands of movies and television shows, plus Google services, such as Chrome browser, Gmail, YouTube, Google Search and Google Maps. NOOK GlowLight provides eReader on an E Ink display that replicates the experience of reading from physical paper and provides access to the Company's digital content store. The bookstores also provide free Wi-Fi connectivity for NOOK devices, Read In Store access, which allows owners to read NOOK Books for free, and the More In Store program, which offers free content and special promotions. NOOK devices also allow for digital lending of a selection of books through its LendMe technology.
The Company competes with Amazon.com and Apple.
Barnes & Noble Inc
122 5th Ave
NEW YORK NY 10011-5605
Company Web Links
- Barnes & Noble's sales at established stores beat expectations
- UPDATE 2-Barnes & Noble's sales at established stores beat expectations
- Barnes & Noble's sales fall 1.8 pct as Nook sales decline
- Barnes & Noble reports surprise drop in comparable sales
- UPDATE 2-Barnes & Noble reports surprise drop in comparable sales