Barnes & Noble Signs Lease for Hingham, Massachusetts, Store; Store Will Open in October 2004.Business Editors NEW YORK--(BUSINESS WIRE)--May 8, 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 Hingham, Massachusetts Hingham is a town in Plymouth County on the South Shore of Massachusetts. The population was 29,882 at the 2000 census. Hingham is located 8 miles south of the Boston city limits. , which is in the greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. area. The 25,000-square-foot store, expected to open in October 2004, will be located in the Derby Street Shoppes 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 at Route 3 and Derby Street. 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 Hingham," 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 catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. , 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 GME granulomatous meningoencephalitis. GME Graduate medical education, see there ), 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. |
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