NPR Choice pageThe national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon. On Friday, it was acquired by Elliott Management and, in a twist, will likely become a national chain with a business model more akin to that of a local bookstore. Elliott bought Waterstones one year ago, a national U. The man who runs that U. Dalton Bookseller and its locations in It became the nation's second-largest bookseller and began selling books online in partnership with IBM and Sears.
Barnes & Noble, with sales falling, is sold to hedge fund
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Barnes & Noble, facing relentless Amazon onslaught, is sold to a hedge fund for $476 million
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A year-old Englishman, Daunt has spent nearly three decades in the bookselling business. For most of that time, he was exclusively Team Indie, overseeing an idyllic, boutique book-buying experience as the founder of Daunt Books, which has six locations in well-heeled neighborhoods in London. His turnaround strategy is centered on a simple premise: In a world where Amazon offers unbeatable convenience and prices, big book chains will only survive if they act more like independents. Also the manner in which they display their books, the amusement and serendipity of how they curate their shops. Some have books arranged by country rather than genre, a setup that encourages browsing: You might visit the Japan section looking for Haruki Murakami novels only to find yourself paging through a history of ramen or a book of haikus about cats.
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