Barnes & Noble Adds Restaurants To Its Bookstores

What Happened
In a bid to attract more store visits, Barnes & Noble is expanding its retail bookstores by adding a full-service restaurant to select locations. Soon, customers at four concept stores located in Eastchester, New York; Edina, Minnesota; Folsom, California; and Loudoun, Virginia will be able to wine and dine right in the B&N bookstore.

This announcement continues the ongoing trend of brick-and-mortar retailers enriching their in-store experiences with add-on services to lure shoppers into stores. Supermarkets such as Whole Foods and ShopRite are now offering bike-repair services and fitness classes, respectively, at some stores, and brands like Bandier are designing retail stores as a community space that encourages customers to hang out.

What Retailers Need To Do
Although growth in ecommerce has outpaced that of physical retail, brick-and-mortar retailers still hold one obvious advantage over online shops: unique in-store experiences that are hard to replicate online. By bringing restaurants into its bookstores, Barnes & Noble is giving book-lovers a good reason to visit their stores and stay longer, while also gaining a new revenue source. For retailers, this type of experiential retail should inspire new ways to create an engaging in-store experience that attracts shoppers.


Source: Eater & WSJ

Barnes and Noble Posts Big Nook Loss

During the fourth quarter of fiscal year 2013, Barnes and Noble as a company suffered a net loss of $118.6 million, which is more than double what it lost in 2012. The Nook business, however, took an especially big hit, to the tune of $56 million this year alone, representing a 34% drop from Q4 2012. Device sales have dropped dramatically and fell in the fourth quarter by a whopping 8.9%. The future for the Nook – and the Barnes and Noble company as a player in the book sphere – is surely in doubt.