Riggio transformed the Fifth Avenue store into "The World's Largest Bookstore," with 150,000 textbook and trade titles. Riggio's thriving business, which included six other college bookstores, acquired the flagship Barnes & Noble trade name and flagship bookstore in Manhattan, which had fallen into decline. The store quickly became one of New York's finest bookstores, known for its knowledgeable staff, wide selection and great service.īy the 1970s, Mr. Riggio established the Student Book Exchange (SBX) in Manhattan's Greenwich Village in 1965. Working as a clerk in the university bookstore, he became convinced that he could do a better job serving students, and he opened a competing store of his own. Leonard Riggio, the company's current chairman, began his bookselling career while attending New York University in the early 1960s. This store developed a worldwide reputation for excellence by serving millions of customers with its comprehensive selection of general trade books, academic titles and textbooks, and medical books. During the height of the Great Depression, what later became the Barnes & Noble flagship store was opened on Fifth Avenue at 18th Street in New York City, where it still resides today. Clifford Noble in establishing Barnes & Noble. In 1917, his son, William, went to New York to join G. Barnes started a book business from his home in Wheaton, IL. In August of 2019, Barnes & Noble was acquired by hedge fund Elliott Advisors (UK) for $838 million, and James Daunt, Managing Director of Waterstones bookstores in the U.K., was appointed CEO.Įlliott acquired Waterstones, the largest bookseller in the United Kingdom, in 2018.īarnes & Noble's beginnings can be traced to 1873, when Charles M. The company spun off Barnes & Noble College in 2015, which operates 724 college bookstores serving over 5.3 million students and faculty members at colleges and universities across the United States.īarnes and Noble also operates a Nook Digital business that includes Nook Tablets and eReaders and a Nook Store that sells digital books, periodicals and comics. Open seven days a week, the stores also carry wide selections of toys, gifts, music, DVD/video titles and magazines.īarnes & Noble stores offer cafes that sell coffee and snacks in a partnership with Starbucks, making it the country's second-largest coffeehouse. Barnes & Noble is the nation's largest book retailer with 627 bookstores in all 50 states.īarnes & Noble superstores average 25,000 square feet and feature a large selection and comfortable seating, including lounge chairs and reading tables.
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