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20 Aug 2026
32m

How Barnes & Noble made a comeback, with CEO James Daunt

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Masters of Scale

Revitalizing iconic bookstore chains like Waterstones and Barnes & Noble requires rejecting data-heavy central control in favor of empowering local booksellers. Success stems from treating bookstores as curated, community-focused spaces where staff have the autonomy to tailor inventory and presentation to their specific customer base. This "tribe" of passionate, vocational booksellers serves as the primary engine for growth, fostering authentic connections that algorithms cannot replicate. While AI may disrupt commoditized categories like study guides, the fundamental bond between authors and readers remains a resilient, human-driven experience. By flattening hierarchies and encouraging collective responsibility, leaders can transform stagnant retail environments into vibrant, durable businesses. This approach prioritizes human intuition and cultural nuance over rigid, top-down management, ensuring that physical bookstores remain essential, thriving hubs for discovery and intellectual engagement.

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