In an effort to breathe new life into Barnes & Noble, new owner Elliott Advisors is bringing in James Daunt, CEO of Waterstones, to run the company. Daunt is expected to use the same turnaround tactics for Barnes & Noble that he used for the once-struggling Waterstones, including re-investing in stores and empowering local bookselling teams, Barnes & Noble revealed. That means stores will be more tailored to their local markets—similar to a local bookstore—vs. operating as a massive, big-box chain. FULL ARTICLE |