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Barnes & Noble Cuts Huge Check To Save Beloved Bookstores From Bankruptcy
Many retailers struggle to compete with online sellers. The convenience of a few clicks and having your purchase at your door, sometimes in minutes, is nice. But when we choose to shop only online, it can have devastating consequences for brick-and-mortar businesses. There was once a time when bookstores were everywhere, but that has changed dramatically in the last few decades. We’ve lost huge retailers like Borders, B. Dalton, and Waldenbooks, leaving a hole in many book lovers’ hearts. Smaller bookstores have had an even more difficult time surviving. But Barnes & Noble, one of the biggest in the industry, wants to help.
View this post on Instagram A post shared by Books Inc. (@booksincstores)
Barnes & Noble Recently Announced The Acquisition Of A Beloved Bookstore
According to a news release, BI Acquisition Co., LLC, an affiliate of Barnes & Noble Booksellers, Inc., will purchase Books Inc. for $3.25 million. Barnes & Noble assured the 174-year-old Books Inc. will continue to operate under its own name to preserve the company’s stores. The San Francisco Bay-area bookseller filed for bankruptcy in 2025 after taking a major financial hit following the COVID-19 pandemic.
“This agreement will ensure that Book Inc.’s legacy will continue for the foreseeable future,” Barnes & Noble CEO Andy Perham shared in a news release. “With Barnes & Noble’s deep resources and world-class support, Books Inc. will be able to quickly modernize its operations so we can focus on what we do best: connecting people with books, ideas and each other.”
Books Inc. shared excitement about the new chapter on the company website.
“This acquisition will give us the stability and resources we need to keep our shelves stocked with the books you’re looking for while keeping everything that makes Books Inc. special alive and thriving,” Books Inc. shared. “Next year, we’ll be celebrating our 175th anniversary, and we’re thrilled to step into that milestone with you by our side.”
This Story’s Featured Image Is By Erik McGregor/LightRocket via Getty Images.
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