Barnes & Noble Signs Lease for Altoona, Pennsylvania, Store; Store Will Open in September 2004.Business Editors NEW YORK--(BUSINESS WIRE)--July 1, 2003 Barnes & Noble, Inc. (NYSE NYSE See: New York Stock Exchange :BKS BKS Barracks BKS Best Kept Secret (gaming) BKS Bildung, Kultur Und Sport (German) BKS Brookside (city) BKS Bergen Kirurgiske Sykehus (Bergen, Norway) ), the world's largest bookseller, announced it has signed a lease agreement to open a new Barnes & Noble bookstore in Altoona, Pennsylvania Altoona is a city in Blair County, Pennsylvania, United States. It is the principal city of the Altoona, PA Metropolitan Statistical Area. The population was 49,523 at the 2000 census. . The 25,000-square-foot store, expected to open in September 2004, will be located in the Logan Town Centre Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into off Interchange 99 between the 17th Street and the Frankstown Road interchanges. The store will stock close to 200,000 book, music, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. and magazine titles and include a cafe serving Starbucks coffee. "We are delighted to bring Barnes & Noble to Altoona," said Mitchell Klipper, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Barnes & Noble, Inc. "We will offer readers young and old unparalleled selection, service, and convenience. We will also strive to make the store an integral part of the community by hosting an ongoing series of author signings, book discussion groups, and children's events." Barnes & Noble's bookselling innovations include: -- The Readers' Advantage membership program. Designed for Barnes & Noble's best customers, this program gives members an additional 10 percent off virtually every item in Barnes & Noble stores and 5 percent off already discounted prices online at Barnes & Noble.com. The annual fee is $25. -- Rapid special-order service. Booksellers are able to access the real-time inventory of books in the company's distribution network, enabling its booksellers to order and confirm the availability of over one million titles at the click of a button. -- Large-scale children's departments that are bigger than most typical bookstores. Stocking over 15,000 titles in an easy-to-browse environment, Barnes & Noble Junior departments are designed to appeal to children, parents, teachers and librarians. Children's story hours will be held twice a week. -- Every CD listening stations A listening station is a facility established to monitor radio and microwave signals and analyse their content to secure information and intelligence for use by the security and diplomatic community and others. . The store's music department features the most advanced listening technology, enabling customers to listen to any CD in the store by simply passing it under a scanner. Connected to the company's online electronic music catalog, the store's listening stations make "browsing with your ears" a reality. About Barnes & Noble, Inc. Barnes & Noble, Inc. (NYSE:BKS) is the world's largest bookseller, operating 630 Barnes & Noble bookstores in 49 states. It also operates 245 B. Dalton Bookseller stores, primarily in regional shopping malls. The company offers titles from more than 50,000 publisher imprints, including thousands of small, independent publishers and university presses. It conducts its e-commerce business through Barnes & Noble.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BNBN) (http://www.bn.com) in which it owns an approximate 38 percent interest. Barnes & Noble also has approximately a 60 percent interest in GameStop (NYSE:GME GME granulomatous meningoencephalitis. GME Graduate medical education, see there ), the nation's largest video-game and entertainment-software specialty retailer with 1,309 stores. General financial information on Barnes & Noble, Inc. can be obtained via the Internet by visiting the company's corporate Web site: http://www.barnesandnobleinc.com/financials. |
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