Barnes & Noble is acquired by Elliott, owner of Waterstones, bringing together the leading bookstores in the US and UK - Barnes & Noble Inc (2023)

Cash consideration of $6.50 per share provides a significant premium to all shareholders

Transaction Completes Barnes & Noble's Review of Strategic Alternatives

Elliott is pursuing a growth strategy at Barnes & Noble to strengthen local business in the US while benefiting from international reach.

NEW YORK, LONDON (June 7, 2019) - Barnes & Noble, Inc. (NYSE:BKS, "Barnes & Noble") announces today that it has reached a definitive agreement to be acquired by funds advised by Elliott Advisors (UK). ). . Limited ("Elliott") for $6.50 per share in an all-cash transaction valued at approximately $683 million, including debt assumption.

Elliott's acquisition of Barnes & Noble, the largest retail bookstore in the United States, follows its acquisition of Waterstones, the largest retail bookstore in the United Kingdom, in June 2018. James Daunt, chief executive of Waterstones, will also take over the position of chief executive officer upon closing of the transaction acquired from Barnes & Noble and are headquartered in New York.

(Video) british book nerd goes to Barnes & Noble for the first time (new york vlog)

The purchase price of $6.50 per share represents a 43% premium to the 10-day volume-weighted average closing price of Barnes & Noble common stock that ended June 5, 2019, the day before the rumors of a possible transaction entered the media in the United States. informed.

The announced transaction with Elliott is the culmination of a comprehensive review of strategic alternatives conducted by the Select Committee of the Barnes & Noble Board of Directors and announced on October 3, 2018. The Barnes & Noble Board of Directors unanimously approved the transaction and recommended it to Barnes & Noble shareholders. Leonard Riggio, the founder and chairman of Barnes & Noble, also signed a voting rights agreement to support the transaction.

Barnes & Noble serves 627 different communities in all 50 states, where it remains the #1 bookstore in the United States. Elliott seeks to build on this strong foundation by addressing the significant challenges facing physical book retailers, using a model that Waterstones has successfully transformed over the last decade.

Upon closing of the transaction, Elliott will own both Barnes & Noble and Waterstones, and while each bookseller will operate independently, they will share a common CEO and benefit from sharing best practices between the companies. Waterstones has successfully returned to sales growth and sustainable profitability based on a strategy of investing in its physical store and strengthening local book sales teams. Under the leadership of Daunt and Elliott, this commitment to reserve retail excellence will strengthen both companies' ability to successfully navigate a rapidly changing retail landscape.

Commenting on today's announcement, Leonard Riggio, founder and president of Barnes & Noble, said: “We are delighted to have reached this agreement with Elliott, owner of Waterstones, a bookstore I have admired for years. Given their success in the book retail market, I believe they are uniquely positioned to improve and grow our business for many years to come. I am also confident that James Daunt has the necessary leadership skills and experience to lead this great organization. I will do my best to help make the transition smooth. As the president of Barnes & Noble for 54 years, I have had the privilege of working with the best people in the world of book trading, including our incredible store managers and booksellers who work in our stores. They have made Barnes & Noble the #1 most respected retailer in America. My deepest thanks also go to the entire publishing world with whom we have shared a great relationship over the years and to the many vendors who have provided important services. After all, it has been a privilege for our millions of wonderful customers and members to serve you."

Looking forward to his new CEO role at Barnes & Noble, James Daunt added: “I am very excited to be working with Barnes & Noble booksellers. Physical bookstores around the world face formidable online and digital challenges. We are responding to this with investment and much more confidence that we can leverage the unrivaled book trading experience of these two great companies. We know that a good bookstore has no equal as a place to choose a book and for the sheer pleasure of visiting it. I thank Mr. Riggio for trusting him and Elliott for his commitment to supporting the continued transformation at Waterstones and now Barnes & Noble.”

(Video) 60 Most Beautiful Books of 2022 | A Holiday Gift Guide

Paul Best, Portfolio Manager and Head of European Private Equity at Elliott, added: “Our investment in Barnes & Noble, following our investment in Waterstones last year, demonstrates our belief that readers continue to value a great bookstore experience. We want to recognize the contributions of founder and president Leonard Riggio and his team in building America's leading bookselling company. We look forward to working with James Daunt and the Barnes & Noble community of readers, members and booksellers as they embark on an exciting new chapter.”

The transaction is subject to customary closing conditions, including regulatory and shareholder approvals, and is expected to close in the third quarter of 2019. The merger agreement provides that the acquisition will be completed through a merger structure. . However, the parties expect to modify the agreement to use a public offering structure that is expected to shorten the closing time by a few weeks.


Barnes & Noble also announced that it has declared a quarterly cash dividend of $0.15 per share to be paid on August 2, 2019 to shareholders of record as of the close of business on July 5, 2019.

Announcement of the closing results of the financial year 2019

Barnes & Noble separately announced that it will report its fourth quarter and fiscal 2019 financial results on June 19, 2019.

(Video) Roundtable Barnes & Noble Nook Glowlight 7.8"


Evercore is acting as financial advisor and Baker Botts L.L.P. is serving as legal counsel to the Barnes & Noble Special Committee and Guggenheim Securities LLC is serving as financial counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the Barnes & Noble Board of Directors. Credit Suisse Securities LLC is acting as financial advisor and Debevoise & Plimpton LLP is acting as legal advisor to Elliott.

About Elliott

Elliott Management Corporation manages two multi-strategy funds that have combined assets under management of approximately $34 billion. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest continuously managed funds of its kind. Investors in Elliott's funds include pension plans, sovereign wealth funds, endowments, endowments, funds of funds, and company employees. Elliott Advisors (UK) Limited is a subsidiary of Elliott Management Corporation.

About water stones

Waterstones is the leading bookstore in the UK and Ireland with 293 bookstores including Foyles, Hatchards, Hodges Figgis and stores in Ireland, Brussels and Amsterdam. It is the only large-scale national specialist bookstore in the UK and also operates through the e-commerce site

(Video) How To Be An Unskippable Author with Jim Kukral

Caution With Forward-Looking Statements

This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) that are based on the beliefs of management. of the company. and assumptions and information currently available to the Company's management. As used in this release, the words "anticipate," "believe," "estimate," "expect," "intend," "plan," "will," "forecast," "forecast," or other words or phrases of a similar nature Important or future verbs or conditional verbs such as will, may, could, should, would, might or similar variations identify forward-looking statements. These include statements about the financial and operating effects of the proposed transaction, the benefits of the proposed transaction, the expected time to completion of the proposed transaction, and other statements that are not historical facts. These statements reflect the company's current expectations only and are not guarantees of future performance or results. Forward-looking information involves risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied, or reasonably inferred, from such statements. These factors include, among other things, the timing, receipt, and terms of all necessary regulatory and regulatory approvals of the proposed transaction; the occurrence of any event, change or other circumstance that could result in the termination of the Merger Agreement; the inability to complete the proposed transaction in a timely manner or at all; the possibility that the shareholders will not accept the merger agreement; risks related to the inability of the parent company to obtain the necessary financing to complete the merger; the risk of unexpected costs or expenses arising from the proposed transaction, the risk of litigation in connection with the proposed transaction, the risk that the proposed transaction and its announcement may have an adverse effect on the Company's ability to retain customers and hire key personnel and maintain relationships with its suppliers, customers and other business relationships; risks related to the interruption of management's attention to the daily operations of the Company as a result of the transaction; the effect of the announcement of the proposed transaction on the Company's stock, results of operations and business generally; and the risk of shareholder lawsuits related to the proposed transaction. All of these factors are difficult to predict and are beyond the Company's control. Additional factors that could cause results to differ materially from those described above are included in the Company's most recent annual report on Form 10-K, as it is updated periodically with quarterly reports on Form 10-Q and reports Current investors can form 8-Ks, all of which are available on the Company's website at and on the SEC's website at http://www.sec. gov. Therefore, care should be taken not to place undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of this release, and the Company expressly disclaims any obligation or commitment to make any updates or revisions to the forward-looking statements contained herein to reflect any changes in its expectations regarding them, or any changes on events, conditions or circumstances, on which such statement is based.

Additional information and where to find it

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy our securities, or a solicitation for voting or approval. The Company's proposed merger will be submitted to the Company's shareholders for their consideration. In connection with the proposed transaction, the Company intends to file a proxy statement and other relevant documents with the SEC in connection with the proxy request related to the proposed transaction. The final proxy statement will be mailed to the shareholders of the Company. PRIOR TO MAKING ANY VOTE OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE INVITED TO READ THE FINAL STATEMENT OF PROXIES WITH RESPECT TO THE PROPOSED TRANSACTION (INCLUDING ANY MODIFICATIONS OR AMENDMENTS THEREOF) AND OTHER RELEVANT MATERIALS REQUIRED TO READ ARE AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE PROPOSED TRANSACTION. The proxy statement, any amendments or supplements thereto and other relevant materials and any other documents that the Company has filed with the SEC will be available free of charge on the SEC's website at once such documents have been filed with the SEC. Copies of the filings, together with the materials incorporated by reference therein, will also be available free of charge on the Company's corporate website at under "Investor Relations" - "SEC Filing" .

The merger agreement may be modified to effect the acquisition of the Company through a public tender offer, although no public offer for the Company's outstanding shares has commenced. This release is for informational purposes only and is not a recommendation, offer to buy, or solicitation of an offer to sell shares. It does not replace the public offer documentation that the bidder would file with the SEC at the start of the public offer if the parties modified the merger agreement to effect the acquisition of the company through a public offer. If the parties amend the merger agreement accordingly, the bidder will submit the tender offer documentation on Exhibit TO at the time the public offer commences and, thereafter, the Company will submit a statement of solicitation/recommendation on Exhibit 14D -9 before the SEC regarding the offer. offer. IF THE MERGER AGREEMENT IS SO AMENDED, THE MATERIALS OF THE OFFER OF THE OFFER (INCLUDING AN OFFER TO PURCHASE, A RELATED COMMISSION LETTER AND CERTAIN OTHER OFFER DOCUMENTS) AND THE STATEMENT OF INVITATION/RECOMMENDATION WILL CONTAIN IMPORTANT INFORMATION. HOLDERS OF THE COMMON SHARES OF THE COMPANY ARE URGED TO READ CAREFULLY IN THEIR ENTIRETY, AS EACH MAY BE MODIFIED OR MODIFIED FROM TIME TO TIME, AS WELL AS ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS SOON AS THEY MAY BE AVAILABLE BECAUSE IT CONTAINS IMPORTANT INFORMATION THAT HOLDERS OF COMMON SHARES OF THE COMPANY SHOULD CONSIDER BEFORE MAKING A DECISION REGARDING AN OFFER OF THEIR SHARES. If the Merger Agreement is amended to provide for a takeover bid as described above, the Takeover Offer, the related letter of transfer and certain other takeover bid documentation, and the Statement of Solicitation/Recommendation will be made public. available to all shareholders of the Company's common shares at no cost to them. The public offering documentation, solicitation/recommendation statement, and other related documents (if available) would be available free of charge on the SEC's website at or upon request from the public offering information agent identified by the bidder in the bid documentation.

participants in the tender

(Video) Amplifying Black Narratives: Black Publishers and Black Bookstores

The Company, the directors, officers, other members of the Company's management and employees may, under SEC rules, be considered "participants" in the Company's shareholder proxy solicitation in connection with the proposed transaction . Information about persons who may be considered "participants" in the proxy application will be included in the Company's preliminary and final proxy statements when filed with the SEC and other relevant documents filed with the SEC in connection with the proposed transaction. . . each of which can be obtained free of charge from the mentioned sources as soon as they become available. Information about some of these individuals and their beneficial ownership of the Company's common shares is also included in the Company's final proxy statement for the Company's 2018 annual meeting, filed with the SEC on August 24, 2018. .


Are Barnes and Noble and Waterstones owned by the same company? ›

Waterstones, the U.K. retailer and owner of U.S. bookstore chain Barnes & Noble, has been undergoing a series of changes to its bookselling model as it tries to battle Amazon, Financial Times reported Sunday. Recently the company has also bought Blackwell's, which has been a U.K. bookseller for 143 years.

Is Barnes and Noble being bought out? ›

(NYSE:BKS, “Barnes & Noble”) announces today that it has entered into a definitive agreement to be acquired by funds advised by Elliott Advisors (UK) Limited (“Elliott”) for $6.50 per share in an all-cash transaction valued at approximately $683 million, including the assumption of debt.

When did Elliott Management Buy Barnes and Noble? ›

NEW YORK, LONDON (August 7, 2019)—Barnes & Noble, Inc.

Who owns Barnes & Noble bookstores? ›

Leonard Riggio is the Founder and Chairman of Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller. The company employs approximately 26,000 booksellers at 630 retail stores nationwide.

Is Amazon buying Barnes and Noble? ›

Barnes & Noble, which has struggled to compete with Amazon for the past decade, is going private. The company said Friday it is being bought by a fund run by private equity firm Elliott Management for $683 million.

Is Barnes and Noble changing their name? ›

Taking a cue from Waterstones, the U.K. bookstore chain that dropped the apostrophe from its name for "practical" reasons two years ago, Barnes & Noble has officially changed its corporate name to Barnes & Nobles, adding the "s" primarily in reaction to "common usage" among the vast majority of its patrons.

Is Barnes and Noble a good place to work? ›

A good place to get a start

The pay isn't the best, but they do accommodate well for wanted hours, and it's a very comfortable environment to learn new things in, with plenty of opportunities (barista, bookselling, cashiering, handling orders).

Why are so many Barnes and Noble closing? ›

That future arrived; sales of physical books drastically decreased year-to-year. The pandemic then hit, and Barnes & Noble in turn hit a low point. As The New York Times article also stated: For nearly two years, there were no readings or author signings in most of its stores. Its cafe business is still way down.

Why are bookstores declining? ›

The actual decline in used bookstores did indeed occur for economic reasons. But these reasons are related to the value or lack thereof in used books far more than to the obvious rises in rent. The fact is paperback books and discounted hardbacks have virtually eliminated a general interest in used books.

Does Elliott Management pay well? ›

Elliott Management pays an average salary of $196,246 and salaries range from a low of $170,384 to a high of $226,305. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee.

Does Elliott still own AT&T? ›

Elliott Management shook up AT&T last year when it sent an open letter to AT&T's board of directors, criticizing everything from soup to nuts about the company. But yesterday, Elliott filed an SEC form 13F, signaling its exit of AT&T.

What is Elliott Management worth? ›

US$56 billion

Is Barnes and Noble losing money? ›

Financial highlights for the Third Quarter 2022:

Consolidated third quarter GAAP net loss of $(36.8) million, compared to a net loss of $(48.3) million in the prior year period. Consolidated third quarter non-GAAP Adjusted Earnings of $(28.9) million, compared to $(25.6) million in the prior year period.

Is Barnes and Noble in debt? ›

Barnes & Noble Education Debt

Adjusting for $9.15 million in cash-equivalents, the company has a net debt of $251.15 million.

How many black owned bookstores are there in the United States? ›

143 Black-Owned Book Stores in the United States.

Who sell more books Amazon or Barnes and Noble? ›

Flash forward: Today, Amazon has about half the market share for print books, and B&N only a fifth, according to Mike Shatzkin, an industry consultant. Amazon's share jumps to 84% for e-books. B&N has just 2%.

Is Amazon closing its bookstores? ›

First, Amazon killed traditional bookstores. Then it opened its own. Now, Amazon is doing away with its bookstores.

What books does Amazon refuse to sell? ›

Amazon has said that it will not sell books that frame gender or sexual identities as mental illnesses.
  • Amazon has said that it will not sell books that frame gender or sexual identities as mental illnesses.
  • "We reserve the right not to sell certain content," the company said in a letter to the US Congress.
12 Mar 2021

What does Barnes and Noble do with unsold books? ›

When sales slow down too much, the publisher will usually liquidate any unsold copies by massively reducing the price. If the books still don't sell, the remainders are usually destroyed through a process called 'pulping'.

Does Barnes and Noble have friends forever? ›

Friends Forever by Shannon Hale, LeUyen Pham, Paperback | Barnes & Noble®

When did Barnes and Noble decline? ›

The bookstore has been on a downward slide for years. In 2013, its CEO resigned amid the company's Nook expansion failure. At the time, Idea Logical's Mike Shatzkin alleged that Barnes & Noble would not recover; it could only hope to “make the slide into oblivion more gradual.”

How much do you get off if you work at Barnes and Noble? ›

40% off of cafe items and books. 30% off not to bad. Discount is 40% on books and the cafe, lower on other product types. Great for buying gifts during the holidays!

How much money do you make if you work at Barnes and Noble? ›

Hourly pay at Barnes & Noble, Inc. ranges from an average of $8.66 to $18.79 an hour. Barnes & Noble, Inc. employees with the job title Assistant Store Manager make the most with an average hourly rate of $18.48, while employees with the title Book Seller make the least with an average hourly rate of $9.65.

What is the dress code for working at Barnes and Noble? ›

Barnes and Noble encourages employees to wear collared shirts or blouses, khaki or dress pants, and close-toed shoes. The company does not allow T-shirts, jeans, shorts, or open-toed shoes, though, depending on the location and manager, certain jeans and sneakers may be allowed.

Is Barnes and Noble in trouble? ›

Barnes & Noble's sales have recovered as the chain orchestrates a turnaround focused on empowering store managers and capitalizes on a revival of interest in reading. Sales were up three percent in 2021 versus pre-pandemic 2019 levels, led by a 14 percent jump in book sales, according to The New York Times.

Is Barnes and Noble a good stock to buy? ›

Barnes & Noble Education has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Why did Jcpenney close forever? ›

The department store chain was one of the largest retailers to file for Chapter 11 bankruptcy protection during the coronavirus pandemic. Officials said in May 2020 that they planned to close about 29% of its 846 stores or 242 locations in bankruptcy and hoped to use the process to shed debt and remain in business.

Who sells the most books in America? ›

Amazon Books

Amazon is the largest book retailer in the world with a catalog that includes more than 33 million titles, and they will ship them just about anywhere.

What US city has the most bookstores? ›

Top 50 cities for booklovers
RankCityBook Dealers
4Ann Arbor22
24 more rows
24 Jan 2020

What is the highest paying store manager? ›

Top companies for Store Managers in United States
  • Lowe's Home Improvement. 3.5 $101,613per year. 51,136 reviews31 salaries reported.
  • Mattress Firm. 3.2 $92,564per year. 2,691 reviews388 salaries reported.
  • Walmart. 3.4 $83,250per year. ...
  • Pep Boys. 3.1 $72,845per year. ...
  • Blockbuster. 3.9 $69,237per year. ...
  • Show more companies.

How much does a portfolio manager at Elliott make? ›

Elliott Management Salary FAQs

The average salary for an Associate Portfolio Manager is $79,105 per year in United States, which is 54% lower than the average Elliott Management salary of $172,050 per year for this job. What is the salary trajectory of an Associate Portfolio Manager?

What type of manager gets paid the most? ›

Chief Executive

Chief executives work in a variety of public- and private-sector industries. Although they typically earn the highest salary of all management positions, they also work extremely long hours and are essentially responsible for the success of their companies.

What will the shareholders get from AT&T spinoff? ›

(NASDAQ: DISCA, DISCB, DISCK). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery, Inc. (WBD) for each share of AT&T common stock.

Who is the biggest share holder of AT&T? ›

The Vanguard Group, Inc.

How much of AT& t does Elliott Management own? ›

Elliott owns $3.2 billion of the common stock and economic equivalents of AT&T Inc.

What stocks does Elliott Management own? ›

Elliott Investment Management L.P.'s top holdings are Triple Flag Precious Metals Corp. (CA:TFPM) , Howmet Aerospace Inc (US:HWM) , Marathon Petroleum Corp (US:MPC) , VanEck Vectors Oil Services ETF (US:OIH) , and The Energy Select Sector SPDR Fund (US:XLE) .

Is Elliott a hedge fund? ›

Founded in 1977, Elliott Management Corporation is one of the oldest hedge fund groups. Elliott Associates, together with its sister fund, currently have an aggregate of $26 billion in assets under management.

How rich is Paul Singer? ›

Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, philanthropist, and the founder, president and co-CEO of Elliott Management. As of October 2021, his net worth is estimated at US$4.3 billion. Teaneck, New Jersey, U.S.

What books are Barnes and Noble being sued for? ›

They focus, in particular, on Gender Queer: A Memoir by Maia Kobabe (published by Oni Press) and A Court of Mist and Fury by Sarah J. Maas (published by Bloomsbury), arguing that both are “obscene” and should be restricted from young people.

Do authors make money from Barnes and Noble? ›

You will be paid a 55% author royalty rate of the List Price, minus the per book printing cost. The cost to print your book is determined by the format and page count you've specified during the set-up process. Format selections include interior print color, cover format, paper color, and trim size.

Are bookstores a dying industry? ›

No, books are not a dying industry. While the introduction of technology has led many to believe that the book industry is dying, but this couldn't be further from the truth.

Why is Barnes and Noble so successful? ›

Barnes & Noble grew from a single Manhattan bookstore in 1917 to become a dominant player by offering big discounts on best sellers to draw in customers. Once in a store, readers were presented with an enormous selection, sometimes more than 100,000 titles, most of which were sold at full price.

Did Barnes and Noble sue Amazon? ›

'' The two mammoths of book-selling have a colorful history of feuding that includes both threatened and actual litigation. In 1997, Barnes & Noble Inc., the parent company of, filed suit against Amazon claiming that its slogan, World's Largest Bookstore, was false advertising.

Are there any black-owned casinos in the United States? ›

RICHMOND, Va. (WRIC)– Richmond is moving forward with plans to bring a resort-style casino to the River City.

Where is the biggest bookshops in the world? ›

The largest individual bookstore in the world measured by square footage is the Barnes Noble Bookstore at 105 Fifth Ave at 18th Street, New York City, USA. It covers 154,250ft² and has 12.87 miles of shelving.

What was the big bookstore that went out of business? ›

Borders Group

What companies does Barnes and Noble own? ›

Barnes & Noble
Barnes & Noble's current flagship store at Union Square, Manhattan, New York City
ProductsBooks, maps, CDs, DVDs, toys, games, stationery, calendars, gift packs, magazines, board games, encyclopedias
BrandsNook SparkNotes Barnes & Noble Booksellers Nook Digital, LLC Sterling Publishing
19 more rows

Who is Waterstones owned by? ›

Waterstones, which is owned by the US-based hedge fund Elliott Advisors, has entered exclusive talks to buy the 143-year-old bookseller Blackwell's, Sky News understands.

What corporation owns Barnes and Noble? ›

Barnes & Noble is owned by Elliott Advisors (UK) Limited and run by CEO and bookseller James Daunt, who is also Managing Director of Waterstones bookstores in the U.K. and founder and owner of Daunt Books.

What is the UK equivalent of Barnes and Noble? ›

The most popular chain book store in all of the UK is Waterstones. You can find them in cities and towns across the UK, and they function just as a Barnes and Noble might with plenty of book options and cafe spaces in many of them. This is the closest Barnes and Noble equivalent in the UK.

Why are so many Barnes and Nobles closing? ›

That future arrived; sales of physical books drastically decreased year-to-year. The pandemic then hit, and Barnes & Noble in turn hit a low point. As The New York Times article also stated: For nearly two years, there were no readings or author signings in most of its stores. Its cafe business is still way down.

Why did Starbucks partner with Barnes and Noble? ›

Barnes & Noble doesn't sell coffee. Starbucks doesn't sell books. But by partnering strategically, these businesses have created a successful user experience by which both companies gain more customers and increase their revenues. It's an excellent example of a symbiotic relationship.

How much do Waterstones pay their staff? ›

How much does Waterstone's pay? The average Waterstone's salary ranges from approximately £25,252 per year for a Store Manager to £25,568 per year for a Manager. The average Waterstone's hourly pay ranges from approximately £9 per hour for a Sales Assistant to £9 per hour for a Barista.

How much do Waterstones managers get paid? ›

The average salary for a Manager is £47,510 per year in United Kingdom, which is 85% higher than the average Waterstone's salary of £25,568 per year for this job.

Is Waterstones a good company to work for? ›

Avoid working with Waterstones at all costs. The staff are all toxic and you are run off your feet constantly for minimum wage. If you are someone with any background in retail you can find much better jobs elsewhere, with better remuneration.

Who sells the most books in the US? ›

Amazon Books

Amazon is the largest book retailer in the world with a catalog that includes more than 33 million titles, and they will ship them just about anywhere.

Is Barnes and Noble a good company? ›

Barnes & Noble is the only retail company in the U.S. to have an “Excellent” reputation in 2019, a rating the Company has held for the last three years.

Is Barnes and Noble still successful? ›

Barnes & Noble's sales have recovered as the chain orchestrates a turnaround focused on empowering store managers and capitalizes on a revival of interest in reading. Sales were up three percent in 2021 versus pre-pandemic 2019 levels, led by a 14 percent jump in book sales, according to The New York Times.

Who is Barnes and Nobles biggest competitor? ›

Answer: Barnes and Noble competes for market share in the retail book industry. The company's main competitor is Amazon Books. Amazon Books is a subsidiary of and operates online and physical retail stores. Other Barnes and Noble competitors include Books-A-Million, Half Price Books, and Powell's Book Store.

Does Barnes match Amazon? ›

Barnes & Noble offers very competitive pricing on many items, resulting in the best value for our customers. However, we do not honor requests to match the prices of our competitors for individual products.


1. James Daunt on the Turnaround at Waterstones
(Nigel Beale)
2. How To Develop Bestselling Story Ideas With JD Barker
(The Creative Penn)
3. A London Vlog - Book Shopping in London
(Bookmarks & Breadsticks)
4. The Future of the Book with Professor John B. Thompson
(Jess Owens)
6. 📔🫶🏻 bookshelf tour 2022 (700+ BOOKS?!) | showing you my home library and every book i own
Top Articles
Latest Posts
Article information

Author: Dean Jakubowski Ret

Last Updated: 04/11/2023

Views: 5841

Rating: 5 / 5 (50 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Dean Jakubowski Ret

Birthday: 1996-05-10

Address: Apt. 425 4346 Santiago Islands, Shariside, AK 38830-1874

Phone: +96313309894162

Job: Legacy Sales Designer

Hobby: Baseball, Wood carving, Candle making, Jigsaw puzzles, Lacemaking, Parkour, Drawing

Introduction: My name is Dean Jakubowski Ret, I am a enthusiastic, friendly, homely, handsome, zealous, brainy, elegant person who loves writing and wants to share my knowledge and understanding with you.