NEW YORK–(BUSINESS WIRE)–Barnes & Noble, Inc. (NYSE: BKS), the world’s largest bookseller, announced it has signed a lease agreement to open a new Barnes & Noble bookstore in Cumming, Georgia, which is in the greater Atlanta area. The bookstore, expected to open in April 2008, will be located in The Avenue Forsythe shopping center at the northwest corner of Georgia Highway 141 and Ronald Reagan Parkway. The store will stock close to 200,000 book, music, DVD and magazine titles and include a café serving Starbucks coffee.
Barnes & Noble’s bookselling innovations have established it as America’s top bookseller brand. For the fourth year in a row, the EquiTrend® Brand Study by Harris Interactive® named Barnes & Noble bookstores number one in overall brand equity, which is based on a brand’s strength in familiarity, quality and purchase intent. The new store will feature:
Wow! That is a whopper of a donation!
Marie Toulantis, CEO of BarnesandNoble.com was quoted as saying: “It’s such an honor for Barnes and Noble to provide books, games, and toys to members of the military community as a way to say thank you for all their services,” and further said: “We’re very thankful to … all those involved in the America Supports You program for helping us get our gift to military members.”
Their donation went to America Supports You, which is a Defense Department program connecting citizens and corporations with military personnel and their families serving at home and abroad.
The unfortunate cloud within this silver lining is the closing of the Memphis, TN Internet distribution warehouse. When they decided to close that location, they chose to donate the stock to America Supports You.
Read The Press Release Here
Ultimately I believe they made the best of a sad situation.
While this is related more so to bricks and mortar business, I always think it’s a good idea to see what is going on in the industry overall.
Barnes & Noble is opening a 200,000 inventory store in Houston Texas, complete with a Starbucks.
Click here to read the official press release
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