Barnes and Noble Sets Itself Free
nytimes.com
Barnes and Noble Sets Itself Free
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Re: Barnes and Noble Sets Itself Free
#2Re: Barnes and Noble Sets Itself Free
#3It's always nice to read about their "comeback" story. There are no BN stores in the UK or I think it would be worth visiting. I guess our equivalent is Waterstones? But no idea if they've been going through similar moves to appeal to customers.
Re: Barnes and Noble Sets Itself Free
#4It's always nice to read about their "comeback" story. There are no BN stores in the UK or I think it would be worth visiting. I guess our equivalent is Waterstones? But no idea if they've been going through similar moves to appeal to customers.
my understanding i’d that the ceo who revived waterstones is now reviving BN.
Re: Barnes and Noble Sets Itself Free
#5It's always nice to read about their "comeback" story. There are no BN stores in the UK or I think it would be worth visiting. I guess our equivalent is Waterstones? But no idea if they've been going through similar moves to appeal to customers.
my understanding i’d that the ceo who revived waterstones is now reviving BN.
From the article: “Mr. Daunt proved his book-selling bona fides as the founder of Daunt Books in London and, more recently, as the executive who rescued Waterstones, Britain’s largest bookstore chain. The hedge fund Elliott Advisors took a majority stake in Waterstones in 2018; the next year it bought Barnes & Noble for $683 million and installed Mr. Daunt, a Cambridge-educated Brit, as its leader. (He is still the managing director of Waterstones; the two chains operate separately.)”
Re: Barnes and Noble Sets Itself Free
#6Earlier quoted context omitted.
my understanding i’d that the ceo who revived waterstones is now reviving BN.
From the article: “Mr. Daunt proved his book-selling bona fides as the founder of Daunt Books in London and, more recently, as the executive who rescued Waterstones, Britain’s largest bookstore chain. The hedge fund Elliott Advisors took a majority stake in Waterstones in 2018; the next year it bought Barnes & Noble for $683 million and installed Mr. Daunt, a Cambridge-educated Brit, as its leader. (He is still the m…
Nice to hear of a fund that is reviving a beloved brand and not raiding it in this cynical world.
Re: Barnes and Noble Sets Itself Free
#7I wish they served beer and wine there.
Re: Barnes and Noble Sets Itself Free
#8[flagged]
Re: Barnes and Noble Sets Itself Free
#9[flagged]
The CEO probably got paid $100 million for the advice too!
Re: Barnes and Noble Sets Itself Free
#10[flagged]
I think it is a little more than that. A chain store strategy of deliberately embracing inconsistent branding is unusual, and going as far as to brand a store with an entirely different name so as to adapt to local tastes is uncommon. Collecting less data about stores (removing foot traffic counters and customer counters) so that staff can concentrate on being nice instead of worrying about store entry/exit metrics is also unusual. It’s a story about a store making a comeback by doing something that other stores wouldn’t do and other retail leaders would quickly reject.