Barnes & Noble is gearing as much as begin the brand new yr robust.
The corporate, which, along with books, sells music, toys and video games, and options cafés inside lots of its areas, stated it plans to open 60 new shops in 2026, each in new markets and ones beforehand served.
“Barnes & Noble is having fun with a interval of great development because the technique handy management of every bookstore to its native booksellers has confirmed so profitable,” the corporate instructed FOX Enterprise in an announcement.
The bookseller stated it’s experiencing robust gross sales in its current shops and has opened new areas after greater than 15 years of declining retailer numbers.
Barnes & Noble stated it has confirmed leases for 2026 in California, Colorado, Florida, Georgia, Illinois, Ohio, Texas, Virginia, Washington state and Washington, DC.
The corporate didn’t specify opening dates or actual areas of the brand new properties.
Barnes & Noble, which faces stiff competitors from Amazon, traces its roots to the early 1870s when Charles Barnes began a ebook enterprise in his Illinois dwelling, in accordance with the corporate’s web site.
His son, William, together with G. Clifford Noble established the bookstore in 1917.
Leonard Riggio acquired the corporate in 1971 and oversaw its development into one of many largest booksellers within the US.
Barnes & Noble was acquired in 2019 by hedge fund Elliott Funding Administration in an all-cash deal valued at $683 million, together with the idea of debt.
