Barnes and Noble is a publicly traded company. A publicly traded company is a company that “issues stocks that are traded on the open market.” Through research and study, Barnes and Noble’s history, leadership structure, and financial health will be addressed.
In 1873 Charles M. Barnes started a business in Illinois which would later lead to Barnes and Noble according to the Barnes and Noble website. With the help of Leonard Riggio, Barnes and Noble is a “Specialty Retailer” “specializing in publishing and retail of books.” It took a “century” and “four decades” to get Barnes and Noble “into the bookselling giant that it is today.” Barnes and Noble sells “books, eBooks, magazines, toys, games, music, DVD and Blu-ray, and related products.” …show more content…
Along with that in 2009 they started to offer eBooks and now have 1 million titles available to choose from. To ensure that Barnes and Noble is appealing to all customers, they have books along with “author interviews, Emmy-winning documentaries.” Barnes and Noble also appeals to kids with their own section to browse through. Along with that they also have a movie section with an assortment of choices ranging from “blockbusters” to “previews.” They made a music section as well that offers anywhere from “classical” music to “music reviews.” Their mission statement is “To operate the best omni-channel specialty retail business in America, helping both our customers and booksellers reach their aspirations, while being a credit to the communities we serve.” Barnes and Noble’s logo is “Barnes & Noble” with the words in green and the “&” in beige. The is in Arial font which is simple and easy to read. Green and beige are used as the colors because they are subtle and readable with a white …show more content…
“Total sales for the second quarter were $791.1 million, declining 7.9% as compared to the prior year. Comparable store sales decreased 6.3%, with approximately half of this decline attributable to last year's release of Harry Potter and The Cursed Child. The balance of the decline was primarily due to non-book categories.” “The consolidated second quarter net loss was $30.1 million, or $0.41 per share, compared to a loss of $20.4 million, or $0.29 per share, in the prior year. The consolidated operating loss was $52.2 million for the quarter.” Observing the balance sheet dated October 28, 2017 indicates that compared to October 29, 2016 there is a decrease in assets, liability, and equity. The balance sheet also shows that the assets equal liability plus equity. Assets equal “$2,202,688.” Liability equals “$1,264,742.” Equity equals “$516,173.” Liability plus equity equals “$2,202,688.” In October 2016, Barnes and Noble had “$2,257,763” in assets and “$2,257,763” in liability plus equity. That is a “$55,075” difference. From the balance sheet the debt ratio is “($1,264,742/$2,202,688)” = .5741. This represents that 57% of the company is financed by
In 1873 Charles M. Barnes started a business in Illinois which would later lead to Barnes and Noble according to the Barnes and Noble website. With the help of Leonard Riggio, Barnes and Noble is a “Specialty Retailer” “specializing in publishing and retail of books.” It took a “century” and “four decades” to get Barnes and Noble “into the bookselling giant that it is today.” Barnes and Noble sells “books, eBooks, magazines, toys, games, music, DVD and Blu-ray, and related products.” …show more content…
Along with that in 2009 they started to offer eBooks and now have 1 million titles available to choose from. To ensure that Barnes and Noble is appealing to all customers, they have books along with “author interviews, Emmy-winning documentaries.” Barnes and Noble also appeals to kids with their own section to browse through. Along with that they also have a movie section with an assortment of choices ranging from “blockbusters” to “previews.” They made a music section as well that offers anywhere from “classical” music to “music reviews.” Their mission statement is “To operate the best omni-channel specialty retail business in America, helping both our customers and booksellers reach their aspirations, while being a credit to the communities we serve.” Barnes and Noble’s logo is “Barnes & Noble” with the words in green and the “&” in beige. The is in Arial font which is simple and easy to read. Green and beige are used as the colors because they are subtle and readable with a white …show more content…
“Total sales for the second quarter were $791.1 million, declining 7.9% as compared to the prior year. Comparable store sales decreased 6.3%, with approximately half of this decline attributable to last year's release of Harry Potter and The Cursed Child. The balance of the decline was primarily due to non-book categories.” “The consolidated second quarter net loss was $30.1 million, or $0.41 per share, compared to a loss of $20.4 million, or $0.29 per share, in the prior year. The consolidated operating loss was $52.2 million for the quarter.” Observing the balance sheet dated October 28, 2017 indicates that compared to October 29, 2016 there is a decrease in assets, liability, and equity. The balance sheet also shows that the assets equal liability plus equity. Assets equal “$2,202,688.” Liability equals “$1,264,742.” Equity equals “$516,173.” Liability plus equity equals “$2,202,688.” In October 2016, Barnes and Noble had “$2,257,763” in assets and “$2,257,763” in liability plus equity. That is a “$55,075” difference. From the balance sheet the debt ratio is “($1,264,742/$2,202,688)” = .5741. This represents that 57% of the company is financed by