COMPANY PROFILE -Barnes & Noble
Business Sector :E-Commerce
Operating Geography :United States, North America, Global
About Barnes & Noble :
Barnes & Noble is an American book retailer. It's a Fortune 1000 corporation. It primarily operates through its Barnes & Noble Booksellers bookstore chain. The company's headquarters are located at 122 Fifth Avenue in Manhattan. In 1886, Barnes & Noble was founded as Arthur Hinds & Company, and the name was changed to Barnes & Noble in 1917. Customers recognise the brand for its huge retail locations, many of which include a café that serves Starbucks coffee and other refreshments. Books, periodicals, newspapers, DVDs, graphic novels, presents, games, toys, music, and Nook e-readers and tablets are all sold in the majority of stores. In addition to its retail locations and other businesses, Barnes & Noble has a publishing division as well. The company also provides several comprehensive, user-friendly stores, such as Audiobooks, Award Winners, Libros en Espaol, and Bargain Books. This American book retailer has a huge selection of books. B&N Studio has hundreds of video author interviews, Emmy-winning documentaries, and its weekly book show popular as Tagged! In recent years, the company has added additional product lines, growing its online Toys & Games store, as well as a Magazines store with thousands of subscriptions to rare and hard-to-find titles. In September 2021, the firm announced the reopening of a new store in Peoria.
Barnes & Noble's USP lies in it being the largest bookseller in the United States with the most retail locations, and it has a dominant position in the media sector. The mission statement of the company reads, "To operate the best omni-channel speciality retail business in America, helping both our customers and booksellers reach their aspirations while being a credit to the communities we serve"
Barnes & Noble Revenue :
$1,433.9 million - FY ending 31st March 2020 (y-o-y growth -22.5%)
$1,851.1 million - FY ending 31st March 2019
Competitive Analysis of Barnes & Noble
The SWOT analysis for Barnes & Noble is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Strong retail presence across North America
2. Globally recognized brand with good customer loyalty
3. Good performance on Corporate Equality Index
4. B&N Cafes have high sales volumes and footfall
| 1. Failed to successfully compete with e-commerce giants
2. Unimpressive performance of separately traded B&N Education
3. Consistently falling revenues and poor financial performance
|
Opportunities | Threats |
1. Expand Digital segment offerings and customer base
2. Enter into strategic partnerships with universities and colleges
3. Capture e-commerce market through new e-commerce platform
| 1. Disruptions in educational calendar due to COVID-19
2. Loss of revenues from piracy of digital and print materials
3. B&N Education business is highly seasonal
|
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Detailed SWOT Analysis of Barnes & Noble
Strength
1. Strong retail presence across North America :
Barnes and Noble has a rich history that can be traced back to 1873 although it officially became Barnes and Noble in 1971 when bookseller Leonard Riggio acquired it and opened the first flagship Barnes and Noble store in Fifth Avenue, Manhattan, New York. Soon Barnes and Noble became the largest retail bookseller in the world. As of 2021, the company operates more than 699 bookstores across 50 states and they also own one of the world’s leading e-commerce book sites, BN.com. Between their retail bookstores and online platform, Barnes and Noble sells approximately 155 million physical books every year. They are also America’s second largest retailer of magazines, selling over 5,500 magazine titles and 1,000 newspapers. Barnes and Noble Education also has operations in India where they sell study materials, educational content, both physical and online. India’s thriving educational atmosphere is good for sales and raising profits.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
1. Expand Digital segment offerings and customer base :
The COVID-19 pandemic disrupted all business segments and adversely affected revenues of the book industry. Stores were shut down in most states due to government orders to control the spread of the virus. Barnes and Noble is mainly a physical presence, with bookstores across North America. B&N Education also has several bookstores across colleges and universities. With campuses closed, students are relying on online modes of study and e-study materials. Barnes and Noble’s online platform, Student Brands is a subscription-based service that provides writing services for students. As of 2020, Student Brands had a growing user base of 100,000 learners across different countries. Sites under Student Brands include: bartleby.com, 123HelpMe.com, PaperRater.com, StudyMode.com. Foreign sites are TrabalhosFeitos.com, Etudier.com and Monografias.com in Brazil, France, and Mexico respectively. These online study platforms use a mix of data analytics and AI to supplement students’ learning across a digital platform. Barnes and Noble should focus on expanding these services in the near future as online mode of study has become an integral part of almost every student’s life.
The remaining section under "Opportunity" is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Barnes & Noble is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. New US visa rules affecting inflow of foreign students | 1. Fall in consumer discretionary purchases
2. Supply chain disruptions due to pandemic
|
Social | Technological |
1. Increasing shift to e-books over physical copies
2. Influence of social media on the book industry
3. Rise in popularity of audio books
| . New technologies improving promotions of new books
2. Rapid digitalization leading to ease in self-publishing
|
Legal | Environmental |
1. Marketing restrictions under TCPA and CAN-SPAM acts
2. Data collection restrictions under stricter data privacy laws
| 1. Using recycled paper to increase sustainability of operations |
On purchase the Barnes and Noble SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed Pestle Analysis of Barnes & Noble
Political
This section is available only in the 'Complete Report' on purchase.
Economic
1. Fall in consumer discretionary purchases :
The COVID-19 pandemic led to huge economic repercussions with millions of people around the world losing their jobs and many others living in uncertainty amidst an unprecedented health crisis. Loss of jobs and overall weak economy means that consumers have less money in their hands to spend on discretionary products. Certain economic conditions or events, such as a contraction in the financial markets, high rates of inflation, high unemployment levels, etc., decrease consumer disposable income. Moreover, unavailability of consumer credit, higher consumer debt levels, higher tax rates, higher interest rates, higher fuel costs, also lead to slow consumer spending. Reduced consumer spending is not only reducing demand for products but also requires companies to incur increased selling and promotional expenses. However, consumer spending is expected to pick up in 2021 and economic optimism is rising in the developed countries.
In March 2020, US book sales slided by 8.4% to $667 million. Bookstore sales plunged by about 33% during the same period. The educational publishing sector saw the steepest overall decline due to campuses being shut down across the country. University Press books saw a steep decline of more than 21%. On the other hand, digital audio books saw a surge in sales as customers chose cheaper options during the economic downturn.
The rest of this section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Brands :
- NOOK Digital
- SparkNotes
- Paper Source
- Sterling Publishing
- Tikatok LLC
- FuncoLand
On purchase the Barnes and Noble SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Check Out Analysis of Other Relevant Companies
References used in Barnes & Noble SWOT & PESTLE Analysis Report
1. Barnes & Noble Introduces NOOK GlowLight 4 - https://www.barnesandnobleinc.com/press-release/barnes-noble-introduces-nook-glowlight-4/
2. Quick Facts - https://www.barnesandnobleinc.com/about-bn/quick-facts/
3. Barnes & Noble Revenue Decreases Again - https://www.forbes.com/sites/ellenduffer/2018/03/31/barnes-noble-revenue-decreases-again/?sh=7b0f950b2f5e
4. Our work makes the world work - https://fortune.com/company/barnes-noble/
5. Barnes & Noble College Announces Strategic Partnership with the University of Notre Dame - https://investor.bned.com/investor-relations/news-and-events/news/press-release-details/2021/Barnes--Noble-College-Announces-Strategic-Partnership-with-the-University-of-Notre-Dame/default.aspx
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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Barnes & Noble SWOT and PESTLE analysis has been conducted by Anangsha Saha and reviewed by senior analysts from Barakaat Consulting.
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