barnes and noble Essay

1006 Words5 Pages
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 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
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BDB changed its name to Barnes & Noble in 1991. With superstore sales booming, the retailer went public in 1993 (the college stores remained private). It bought 20% of Canadian bookseller Chapters (now Indigo Books) in 1996 (then sold in 1999).

The bookseller went online in 1997, and in 1998 sold a 50% stake in its Web operation subsidiary to Bertelsmann (which it re-purchased in 2003) in an attempt to strengthen both companies in the battle against online rival

Also in 1998 Barnes & Noble agreed to buy #1 US book distributor Ingram Book Group, but the deal was called off in 1999 because of antitrust concerns. Also in 1999 went public and Barnes & Noble bought small book publisher J.B. Fairfax International USA, which included coffee-table book publisher Michael Friedman Publishing Group. Later that year the company bought a 49% stake in book publishing portal (later reduced to 22%). It also bought Riggio's financially struggling Babbage's Etc., a chain of about 500 Babbage's, Software Etc., and GameStop stores, for $215 million.

The company's Babbage's Etc. subsidiary (renamed GameStop, Inc.) acquired video game retailer Funco for $161.5 million in 2000. In 2001 Barnes & Noble joined in acquiring a majority stake in magazine subscription seller

In February 2002 the company completed an initial public offering of its

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