Barnes & Noble plans to open more than 30 new stores in 2023 — including some storefronts abandoned last year by Amazon.
Barnes & Noble is committing to open more than 30 new stores in 2023, three years after being taken private for $683 million by Elliott Management.This is a very different sort of story for private equity, which is known for buying physical retailers, slashing costs, and then leaving them for dead.B&N is committing to opening more than 30 new physical locations in 2023, following its first year of net store growth in more than a decade.all of its Amazon Books stores.
Daunt moved to let local store managers have greater say in what books to sell, ended publisher promotions that often resulted in bad books being displayed in prime locations, and eliminated a lot of the extraneous products that had turned B&N stores into indoor flea markets.
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