April 18, 2025
(Retail Dive)
–
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Dive Brief:
-- As part of its continued store expansion strategy,
Barnes & Noble
plans to open more than 60 new locations in 2025, according to a press release Wednesday. -- The company is set to open four new locations this month alone, in
Illinois
,
New York
,
Florida
and
Nebraska
. -- The move comes after
Barnes & Noble
opened 57 stores in 2024 and acquired Tattered Cover’s four stores in
Colorado
, the company told Retail Dive via email.
Barnes & Noble
says this totaled more new bookstores in a single year than the company had opened from 2009 to 2019. Dive Insight:
Barnes & Noble
is focused on physical growth again and attributes its recent success to a strategy of handing “control of each bookstore to its local booksellers,” per its press release.
But many of the new spaces are in areas very familiar to the company.
In November,
Barnes & Noble
opened a new store in the same space it previously vacated in
Washington
, D.C.’s
Georgetown
neighborhood. The company’s newest location in
Naperville, Illinois
, is set to open on Wednesday just up the street from its former location.
“We are very happy to return to
Naperville
, where for 25 years we were a community staple,” CEO of Barnes &
Noble James Daunt
said in a statement. “Our longtime booksellers are as eager to be back in town as they are to welcome customers into their brand-new Naperville Barnes & Noble.”
The company’s new space in
Tampa, Florida
, this month is also akin to a re-opening and “marks the return of the bookseller to the
Carrollwood
community,” according to another Wednesday press release.
Many of
Barnes & Noble's
grand openings this year have featured book signings with bestselling authors and ribbon-cuttings.
The book industry has experienced a slew of changes over the past few years, which
Barnes & Noble
has been a part of.
After years of falling revenue attributed to the pandemic,
California
-based retailer
Books Inc
. in January filed for Chapter 11 bankruptcy in order to reset its finances.
Tattered Cover
filed for bankruptcy in 2023, after which
Barnes & Noble
acquired the chain in July. Additionally, Borders closed in 2011 after several turnaround efforts and a bankruptcy filing, which led to a liquidation.
With this upheaval,
Barnes & Noble
essentially stands as the predominant big book retailer in
the United States
, with competition mostly consisting of small businesses. Even so, it has struggled itself in the past.
Hedge fund Elliot Management (which also owns major bookseller Waterstones in the
United Kingdom
) in 2019 acquired
Barnes & Noble
with the goal of turning around the iconic company’s performance.
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