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Those kinds of numbers are encouraging for Elliott, a fund known for taking big positions in public companies and agitating for change: In this case, it bought B&N whole as a fixer-upper. “Double-digit growth in books has not happened since Amazon came along,” Barnes & Noble Chief Executive James Daunt told The Post in an interview. Industrywide, US sales of books are up 12 percent so far this year through August compared to the same period a year ago - and up 20 percent from 2019 over the same time period, according NPD Group, a market research company.ĬEO James Daunt says B&N sales have risen 6 percent since 2019. Sales of Manga, or graphic novels, at Barnes & Noble are up by as much as 500 percent at some stores where young adults are crowding in the aisles on Friday and Saturday nights. The 125-year-old chain, taken private two years ago for $683 million by billionaire Paul Singer’s hedge fund Elliott Management, has reported double-digit sales growth in books this year so far compared to 2019, before the coronavirus outbreak.Įven more surprising to skeptics who had watched the chain wither in the face of Amazon’s rise, the retailer says teenagers and tweens are helping to fuel the surge. Thanks to the pandemic, a surprising number of consumers are once again devouring books - in print - and Barnes & Noble is cashing in. GOP pols want Barnes & Noble to stop selling ‘Gender Queer’ book to kidsīooksellers were unprepared for Dr. Barnes & Noble heir lists Chelsea duplex for $20Mįunko Pop! shoplifter knocks out 77-year-old woman while fleeing NYC Barnes & Noble