Barnes & Noble Signs Lease for Chesterfield, Missouri, Store; Store Will Open in November 2005.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 12, 2003

Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller, announced it has signed a lease agreement to open a new Barnes & Noble bookstore in Chesterfield, Missouri, which is in the greater St. Louis area. The 25,000-square-foot store, expected to open in November 2005, will be located in the Chesterfield Oaks Shopping Center at Clarkson Road and Baxter Road. The store will stock close to 200,000 book, music, DVD and magazine titles and include a cafe serving Starbucks coffee.

"We are delighted to bring Barnes & Noble to Chesterfield," said Mitchell Klipper, chief operating officer 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. 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 628 Barnes & Noble bookstores in 49 states. It also operates 258 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 (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), the nation's largest video-game and entertainment-software specialty retailer with 1,231 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.