More on B&N's Takeover of Trade Book Sales at Seattle's University Book Store
University Book Store, Seattle, Wash., and Barnes & Noble have offered more details about the arrangement under which B&N is taking over the general books department at the University of Washington's bookstore.
The partnership will lead to an expansion of the trade book department to two floors, significantly expanding its inventory and selection, University Book Store said in a statement. This will enable the store "to remain the preeminent general books provider in the college industry." The Daily, the university's student newspaper, said the move will double the space devoted to trade books to 17,000 square feet.
UBS CEO Trevor Peterson commented, "Pairing the expertise, supply chain efficiency, and IT infrastructure of B&N with UBS's robust events program, knowledgeable staff, and locally curated focus will take the department to new heights."
The store emphasized that it will "stay independent and concentrate on the core of our mission: providing textbooks and student supplies for the university community, promoting UW through insignia products, and supporting students."
Under the agreement with B&N, all University Book Store staff who work in the trade book department will be retained by B&N and "remain in charge of curating the selection of books and programming to keep the local Seattle flair of the University Book Store." The store and B&N said they will work together on "this completely new store model that differs from Barnes & Noble's conventional stores." They pointed to B&N CEO James Daunt's efforts to give B&N stores more autonomy, saying that the partnership will represent "an apotheosis of that philosophy."
The Daily reported that talks between the store and B&N began more than two years ago, when Peterson approached B&N. He also spoke with other bookstores, "including independent operators," but found B&N to be "the strongest partner."
The agreement is to run for 10 years, with the possibility of a reevaluation after four years, the Daily added. The trade department will be "co-branded," and B&N will pay rent and a percentage of sales.
Founded in 1900 by University of Washington students, the store is independent from the university and operates as a corporate trust for the benefit of UW students, faculty, and staff. It is one of the oldest bookstores in the country, and at one point had nine stores, some at UW campuses and others in Seattle suburbs and nearby cities that resembled general trade bookstores, but with a strong UW section. In the last decade, University Book Store closed its branches, including the ones in Bellevue, Tacoma, Mill Creek, and Bothell.
Among University Book Store's many talented alumni is Shelf Awareness's own Marilyn Dahl, who said, "I worked at University Book Store for 20 glorious years, when it was one of the biggest and best college bookstores in the country; in fact, as far as breadth and depth of inventory, it had become the most noteworthy single trade bookstore in the country. To me, it's heartbreaking that the general books department lost its indie status, but I'm glad that with B&N's partnership, it can keep on carrying on."