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National bookstore case study
Barnes and noble strategic analysis
Barnes and noble strategic analysis
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Barnes & Noble does business -- big business -- by the book. As the #1 bookseller in the US, it operates about 650 superstores throughout 49 states and the District of Columbia under the banners Barnes & Noble, Bookstop, and Bookstar, as well as about 200 mall stores using the names B. Dalton, Doubleday, and Scribner's. The company's GameStop subsidiary is the #1 US video game retailer with about 1,500 stores under the names Babbage's Etc., GameStop, and FuncoLand. Barnes & Noble owned about 75% of online book seller barnesandnoble.com after purchasing Bertelsmann's interest in 2003; Barnes & Noble then purchased all remaining shares and took the company private in May 2004.
Barnes & Noble dates back to 1873 when Charles Barnes went into the used-book business in Wheaton, Illinois. By the turn of the century, he was operating a thriving bookselling operation in Chicago. His son William took over as president in 1902. William sold his share in the firm in 1917, to C. W. Follett, who later built Follett Corp, and moved to New York City, where he bought an interest in established textbook wholesalers Noble & Noble. The company was soon renamed Barnes & Noble. It first sold mainly to colleges and libraries, providing textbooks and opening a large Fifth Avenue shop. Over the next three decades, Barnes & Noble became one of the leading booksellers in the New York region.
Freshman Leonard Riggio, who worked at a New York University bookstore to help pay for night school. He studied engineering but got the itch for bookselling. In 1965, at age 24, he borrowed $5,000 and opened Student Book Exchange NYC, a college bookstore. Beginning in the late 1960s, he expanded by buying other college bookstores.
In 1971 Riggio paid $1.2 million for the Barnes & Noble store on Fifth Avenue. He soon expanded the store, and in 1974 he began offering jaw-dropping, competitor-maddening discounts of up to 40% for best-sellers. Acquiring Marboro Books five years later, the company entered the mail-order and publishing business.
By 1986 Barnes & Noble had grown to about 180 outlets, which included 142 college bookstores. Along with Dutch retailer Vendex, that year it bought Dayton Hudson's B. Dalton mall bookstore chain, forming BDB Holding Corp. In 1989 the company acquired the Scribner's Bookstores trade name and the Bookstop and Bookstar su...
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... the company, including all of the voting power of Barnes & Noble College Bookstores, a private textbook seller.
The company is spinning off its GameStop subsidiary. In early October GameStop purchased some six million shares back from Barnes & Noble. On November 2 Barnes & Noble distributed the remaining shares it had in GameStop in a dividend to its shareholders.
Business Wire, November 3, 2004 Wednesday, 1:30 PM GMT, 748 words, Barnes & Noble to Open New Store at 30500 State Highway 181, Spanish Fort, Alabama; New Bookstore Debuts on No Copyright 2004 Business Wire, Inc.
Business Wire
November 3, 2004 Wednesday 1:30 PM GMTDISTRIBUTION: Business Editors; Community Editors LENGTH: 748 words HEADLINE: Barnes & Noble to Open New Store at 30500 State Highway 181, Spanish Fort, Alabama; New Bookstore Debuts on November 17 DATELINE: NEW YORK Nov. 3, 2004 BODY:vember 17 , NEW YORK Nov. 3, 2004
2. Copyright 2004 The New York Times Company
The New York Times
September 9, 2004 Thursday
Late Edition – Final SECTION: Section E; Column 1; The Arts/Cultural Desk; Pg. 1 LENGTH: 931 words HEADLINE: Huge Book Retailer Expands Its Publishing Role BYLINE: By EDWARD WYATT
Harry Gordon, as a good entrepreneur, invested about £400,000 in a business opportunity never noticed before. In 1906, while spending his holidays in London, he noticed the absence of department stores adapted to the latest selling ideas used in America. Promoting shopping for pleasure rather than necessity and named after its founder, Selfridges & Co. became an exciting shopping experience, enabling people to experience new releases whether it was an aeroplane displayed in the store or the opening of the biggest bookshop in the world. “I am prepared to sell anything from an aeroplane to a cigar.” (Harry Gordon Selfridge, 1910)
“GameStop traces its roots to Babbage’s a small software retailer that started in Dallas, Texas in 1984. The movement that made Babbage’s into GameStop started in 1994 with a series of mergers between Babbage’s and several other software retailers. When Babbage has first merged with software Etc. in 1994, the combined company was named NeoStar Retail, but the two halves continued to operate as if they were separate entities.” (Gamestop Corp, 2013) At the time when the company first started out, they acquired just 800 stores for now. (Gamestop Corp, 2013)
Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company, the nation’s largest retail bookseller and the leading retailer of content, digital media and educational products. Barnes & Noble provides customers easy and convenient access to books, magazines, newspapers and other content across its multi-channel distribution platform. Barnes & Noble, Inc. is a publicly traded company listed on the New York Stock Exchange under the symbol “BKS.” After a series of mergers and bankruptcies in the American bookstore industry since the 1990s, Barnes & Noble stands as United States ' last remaining national bookstore chain. Previously, Barnes and Noble operated the chain of small B. Dalton Book stores in malls until they announced the
Starting out as solely an online bookstore, Amazon has become the largest online retailer in the world.
There is a consensus that hair types are another way that colorism–the preference for lighter skin‒permeates the community. Women with a 3b/3c hair texture have a loose, ringlet, or spiral curl pattern and are often praised and more widely accepted in comparison to women who have a 4b/4c texture with a coarser, kinky, or zig-zag curl pattern. This notion highlights how Eurocentric standards of beauty can still influence pro-black spaces like the natural hair community, but it also shows how there is a pressure within the black community to adapt and conform to whatever style or aesthetic is deemed as “acceptable” at the time. This is where the “good hair” controversy comes into play. Whitney Bellinger studied a group of young African-American women to talk about their sentiments towards their hair in her piece WHY AFRICAN AMERICAN WOMEN TRY TO OBTAIN GOOD HAIR. When she asked the group of women to describe good hair, terms like “long”, “silky”, “fine”, and “healthy” were commonly used (Bellinger 68). While these terms are not exclusive to one hair type or texture, it doesn’t specifically describe a kinky or curly hair type and in turn alludes to a favorability towards non-black textures. Also in the interview, the young women discuss how their mother 's decisions on hair styles growing up impacted their current hair preferences (Bellinger 69). There was a direct relationship between the women who had relaxers growing up and who are still relaxed, as well as the women who were natural growing up and are currently natural (Bellinger 70). On the other hand, there was a smaller group of women who had switched their affiliations on the matter. It is interesting to note that there seem to be feelings of guilt evident with women who went from being natural to being relaxed. The women almost felt like they were denying some of the “racial pride” they previously held and that
Moreover, despite the presence of some large chains, specialty retail markets are highly fragmented. Barnes & Noble, for example, with over 900 stores, is the largest US bookseller but has a market share of only 15 percent.
Is Amazon a bubble waiting to burst? The following discussions in this research paper will explore several key issues from its birth to its debatable future. Amazon is not a stranger to arguments revolving around questions of its longevity and success. When the systemic bubble of 1999 arrived Amazon’s corporate goal was to get big, to do it fast, and to establish a hold of new markets before any other competitor. During this time frame Amazon began branching out and selling anything and everything. With the burst of the internet bubble in 2000 and 2001, Amazon changed its goal from growth to aggressively making profits in all areas of their business. In 2001, Amazon’s founder and CEO stated in a Wall Street Journal article “We’ll ferociously manage the products we carry so that we sell only products that are profitable. The thirty-pound box of nails isn’t long for our world” (Elmer-DeWitt, 2001).
The eighties prompted change as well as the opening of Best Buy’s first superstore. During 1983, a new corporate name was approved and the Sound of Music Company became known as Best Buy Co., Inc. With mounting consumer support Best Buy continued its road to expansion by opening an additional five stores. In 1985, the newly named company was being publicly traded under the symbol BBY. The late eighties brought forth additional change for the continuously growing company. Best Buy adopted a new concept in retail merchandising with the opening of massive superstores. The new concept shifted the placing of all inventory on the sales floor and hiring a specialized staff of non-commissioned service representatives (FAQ). Such adaptations have fueled the company into progression and continued to promote the company’s corporate vision of “Making life fun and easy”(Fact Sheet).
Best Buy’s History & Main Characters: Best Buy is Minneapolis-based and is North America's leading specialty retailer of consumer electronics, personal computers, entertainment software and appliances. Throughout Best Buy's 37-year history, the company has maintained the tradition of making life fun and easy for customers and employees, while providing a significant return to partners and investors. It has 80,000 employees and over 550 stores in the U.S., in addition to the brands Best Buy Canada, Future Shop and Magnolia Hi-Fi. Their leadership is led by Dick Schulze, Founder and Chairman, Brad Anderson, Vice Chairman and CEO, Al Lenzmeier, President and COO, and Darren Jackson, Executive Vice President of Finance and CFO. Chairman Dick Schulze founded Best Buy in 1966 with the Sound of Music, an audio component systems store in St. Paul, Minn. In 1973, Vice Chairman and CEO Brad Anderson joined Sound of Music as a salesperson. The company quickly expanded into video products and computers, was renamed Best Buy in 1983, and became a public company in 1985. Best Buy’s revenues for fiscal year 2003 were $20.9 billion and net earnings of $622 million. It was ranked number 91 on the Fortune 500 in 2003 (Bestbuy.com). Best Buy stores are redefining the way customers shop by offering an unparalleled assortment of affordable, easy-to-use entertainment and technology products and services available through its network of more than 550 retail stores in 48 states and online at BestBuy.com. Best Buy is scheduled to open 60 new stores in fiscal 2003 and is on track to have 650 stores by fiscal 2005. Magnolia Hi-Fi is a high-end electronics retailer specializing in audio and video solutions for homes, ...
There are many things that B&N and its book publishers can do to stimulate more business. The best strategy in my opinion would be to make more deals with large companies like Apple and Samsung. These companies are at the height of every competitive market in electronics, from cell-phones to televisions, and hold some of the most loyal customers in the market (Surowiecki, 2013). If B&N wants the Nook to stay in the competition, they have to market their product to be appealing in today’s society. To do this they have to factor in competitive prices, capabilities, and other features that can compete with top sellers. Joining up with larger companies will not only increase exposure, but also put B&N and book publishers on the same platforms as their competitors.
Books are great thing don’t you think? Barnes & Nobles is the number one bookstore in the entire country. It started in 1886. Barnes & Nobles is all over the world. It has supported many events. They have become the number one bookstore in the United States. They sell a variety of books and other products. They have grown a lot over the past 132 years. They have a long history of excellence by serving millions of customers with its wide selection of books.
The company started as an online book seller, which then rapidly expanded into music and movies, and finally into electronics and households.
Amazon is a growing and trending brand, giving consumers the unique shopping experience they have always wanted. The company that was started by 1999 man of the year, Jeff Bezos, has taken 44 percent market share in online sales and purchases. (http://bloomreach.com/2015/10/survey-amazon-is-burying-the-competiton-in-search/) That makes consumers more inclined to search for products through Amazon, before the well-known search engine powerhouse, Google. The Seattle, Washington based company was started in 1995. During the well-anticipated start-up, the company’s focus was on book sales online. Over time, Amazon has set many trends in Consumer Behavior, expanding products across every product pool imaginable. "Amazon.com puts the customer
Amazon also started to expand the categories of products they sold. Their initial business plan took into account that there would be no profit for five years, selling books at wholesale value from Ingram Content Group, known before as Ingram Book. After surviving the dot.com bubble burst, Amazon grew and turned a profit of five million dollars in 2001. Around this time there was a change in the strategy; Amazon began to spread across the world, building subsidiaries and formed various alliances with companies such as Toys R Us, Borders and Target. However, these alliances only lasted until 2006 for Toys R Us, 2008 for Borders, and 2011 for
Eule, A. (2013). It’s time for Amazon to open its black box. Barron’s, 93(42), 37.