Barnes & Noble Making a Comeback: Smaller Stores Are Reviving The Chain
For book lovers, nothing can compare to the feeling of being inside a brick-and-mortar bookstore, surrounded by endless shelves of novels, biographies, and self-help guides. Despite the rise of digital reading, physical bookstores have remained an essential part of the reading experience, offering a space for discovery, connection, and reflection. But in the most recent years the bookstore industry has suffered… can you guess why? Yes, you guessed right. Say it with me…Amazon! One chain that has been particularly affected is Barnes & Noble. However, with new CEO James Daunt, Barnes & Noble is making a comeback by going smaller!
In Daunt’s new strategy, he’s going to create a boutique feel for each Barnes & Noble store.
This involves granting staff more control over stock, layouts, and even pricing. By giving the employees more of a say, Daunt hopes to give them a sense of ownership and creativity among staff, which will be reflected in the in-store experience. The goal is to connect better with local communities and enhance the browsing experience for customers. There is really nothing like walking into a bookstore it’s quiet, and it smells like new books and freshly brewed coffee. Just have to remind people that they are there.
This renewed focus on customer experience is essential to compete with Amazon.
Barnes & Noble plans to open 45 new stores and renovate existing ones but with a smaller footprint. According to Wall Street Journal, the average store size will be reduced to 14,000 square feet, compared to the 26,000 square feet that they are now. The goal is to create more intimate spaces that are easier to navigate and offer a curated selection of books. By reducing the number of books available, Barnes & Noble hopes to appeal to readers overwhelmed by choice, while also making sure that each book displayed has a purpose.
Barnes & Noble is making a comeback by going smaller. The new strategy by CEO James Daunt is going to be put into place to create a more intimate and engaging in-store experience that connects with local communities. Save the bookstores. Head to your local Barnes & Noble, get cozy, and grab yourself a new book.