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Barnes & Noble Education, Inc. (BNED) is a leading solutions provider in the education sector, operating physical and virtual bookstores for colleges, universities, and K-12 institutions across the United States. The company sells course materials, general merchandise, and offers innovative programs to ensure students have access to affordable and equitable educational resources. BNED also engages in textbook wholesale and e-commerce activities, enhancing its reach and service capabilities.
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Retail Segment - Operates physical and virtual bookstores, selling course materials (physical and digital), general merchandise like emblematic apparel and gifts, and providing services such as the BNC First Day® equitable access programs.
- Sub-products:
- BNC First Day Complete - Provides all or most undergraduate course materials at below market rates.
- BNC First Day - Offers digital course materials for single courses through learning management systems.
- Sub-products:
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Wholesale Segment - Supplies new and used textbooks to physical and virtual bookstores, along with inventory management hardware and software solutions for college bookstores.
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Corporate Services - Includes unallocated shared-service costs supporting the company's operations.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jonathan Shar Executive | Chief Executive Officer (CEO) | Jonathan Shar is the CEO of Barnes & Noble Education, Inc. since June 2024, leading overall growth and strategy. He previously served as Executive Vice President, BNED Retail and President, Barnes & Noble College Booksellers, LLC from October 2021 until his CEO appointment. | View Report → | |
Kevin F. Watson Executive | Executive Vice President and Chief Financial Officer | Kevin F. Watson is the Executive Vice President and Chief Financial Officer at BNED, appointed on September 7, 2023. Previously, he served as the Executive Vice President and Chief Financial Officer at Paraco Gas Corporation starting in 2018. | ||
Michael C. Miller Executive | Executive Vice President, Corporate Development & Affairs, Chief Legal Officer, and Secretary | Michael C. Miller serves as the Executive Vice President, Corporate Development & Affairs, Chief Legal Officer, and Secretary at BNED since April 2017, and previously served as Executive Vice President, Corporate Strategy and General Counsel at the company. He also has held senior legal roles at Monster Worldwide, Motorola, and Symbol Technologies. | ||
Seema C. Paul Executive | Senior Vice President, Chief Accounting Officer | Seema C. Paul is the Senior Vice President, Chief Accounting Officer at BNED since July 2015, overseeing external reporting, technical, and corporate accounting functions. She has extensive experience from prior roles at Covanta Holding Corporation. |
- Considering the robust pipeline for both spring and fall terms, can you elaborate on the conversion rates and potential risks that future commitments might face due to academic calendar changes or institutional delays?
- With First Day Complete revenues now offsetting declines in traditional a la carte sales, what measures are in place to ensure that this new revenue model remains sustainable if participation rates slip in future academic terms?
- Given that opt-out rates have been low so far, could you detail any early indicators or pressures from universities that might signal an increase in opt-outs, potentially impacting revenue visibility?
- As you transition to a B2B model with deferred cash collections, how do you anticipate this will affect your working capital needs and the sizing of your credit facilities over subsequent cycles?
- While cost savings have significantly improved EBITDA margins, what are the primary challenges you foresee in maintaining profitability with a reduced number of stores and how might unforeseen operational setbacks be mitigated?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Follett Corporation | The primary competitor for institutional contracts in full-service campus bookstore operations. They operate in the same market for educational content and services. |
eCampus | Competes in the online/virtual course material store operations market, providing course materials through an online platform. |
BBA Solutions | A competitor in the college textbook retail market, offering similar services to students and institutions. |
University Gear Shop | Competes in the virtual store operations market, providing solutions for academic institutions. |
Valore Campus | Operates in the virtual store operations market, competing for contracts with academic institutions. |
Textbook Brokers | A competitor in the bookstore management and operations market, providing services to academic institutions. |
Texas Book Company | Competes in both virtual store operations and wholesale textbook inventory and distribution markets. |
BibliU | Competes in the virtual store operations market, offering solutions for academic institutions. |
Slingshot | A competitor in the virtual store operations market, providing services to academic institutions. |
Akademos | Competes in the virtual bookstore and marketplace for academic institutions, recently acquired by VitalSource. |
Ambassador Educational Solutions | Occasionally competes in the virtual store operations market, providing services to academic institutions. |
Competes in direct-to-student course material channels, wholesale textbook inventory and distribution, and general merchandise sales. | |
An online textbook rental company that competes in the direct-to-student course material market. | |
Cengage Learning | A publisher that bypasses the retail distribution channel by selling directly to students and institutions, competing in the course material market. |
A publisher that competes in the course material market by selling directly to students and institutions, bypassing traditional retail channels. | |
McGraw-Hill Education | A publisher that competes in the course material market by selling directly to students and institutions, bypassing traditional retail channels. |
VitalSource Technologies, Inc. | Competes in the eTextbook/digital content market, offering a catalog of digital content and distribution services, and has direct-to-student selling channels. |
Red Shelf | Competes in the eTextbook/digital content market, providing digital content and distribution services. |
Sodexo | Competes for institutional contracts in the cafe and convenience general merchandise offerings market. |
A competitor in the cafe and convenience general merchandise offerings market, competing for institutional contracts. | |
Competes in the general merchandise market, including direct-to-student sales. | |
Competes in the general merchandise market, including direct-to-student sales. | |
Fanatics | Competes in the general merchandise market, including direct-to-student sales, and also acts as a service provider for BNED. |
Lids | Competes in the general merchandise market, including direct-to-student sales, and also acts as a service provider for BNED. |
GoTextbooks | Competes in the wholesale textbook inventory and distribution market. |
Valore Books | A competitor in the wholesale textbook inventory and distribution market. |
No recent press releases or 8-K filings found for BNED.