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Waldenbooks

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equal to an average Waldenbooks' outlet's sales, but far below the $ 750,000 level needed to make a discount outlet profitable. Instead of converting more individual Waldenbooks stores to discount outlets, as of June 1, Reader's Market outlets will be opened as stores within stores at six K mart outlets in Connecticut and Massachusetts. Reader's Markets will retain their name in the K marts, taking up about 1,500 square feet, half the size of a typical Waldenbooks store. If successful, Reader's Markets will be expanded to other K mart outlets. Waldenbooks is revamping its response to discounters by scaling back its own discount chain in favor of units in K mart stores. And it is turning to an ambitious super bookstore -- called Waldenbooks & More -- to propel growth by selling everything from computer software to stuffed animals. The first Waldenbooks & More opened in November on Hempstead Turnpike in Levittown, L.I. At 10,000 square feet, it's more than triple the space of an average Waldenbooks store, and stocks about 35,000 book titles, more than twice the number in average stores.
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malls and similar high-traffic locations - than any other bookstore chain, and accounted for 15% of all bookstore sales. In 1987, the chain operated 1,179 Waldenbooks outlets (including 50 U.S. Coles stores bought that year from the Canadian chain); seven Waldenbooks & More, eight Waldensoftware, 28 Waldenkids, and 18 Brentano's outlets; and serviced book departments in Kmart stores. (Waldenbooks converted most Brentano's outlets into Waldenbooks after buying the chain in 1984, but later began opening new Brentano's as an upscale mall store brand enabling it to operate two bookstores in selected malls.) In 1992, Kmart added Borders Books' small but rapidly growing superstore operator to its portfolio. Under Kmart ownership, Borders grew from 19 to 75 stores while Waldenbooks shrank from a peak of nearly 1,300 stores to 1,127 in early 1995.
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name is taken from its principal executives: Edward W. Carter, board chairman; Philip M. Hawley, president; and Prentis C. Hale, chairman of the executive committee. Operating divisions will retain their present names. The company said "Broadway-Hale" was too often confused with the Broadway Stores reatiling unit.
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In 1984 K-Mart purchased Waldenbooks, then the country's largest bookstore chain (since relegated to second place by the merger of B. Dalton and Barnes & Noble), from the Carter-Hawley-Hale department store chain. Founded in 1933, by the 1980s, Waldenbooks operated more stores-located in shopping
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But when Broadway-Hale Stores Inc. directors decided it was time for a change they just looked around the table. The Los Angeles firm, parent of the Broadway Stores, Neiman-Marcus, Capwell's and other retail operations, will be known as Carter Hawley Hale Stores Inc., if the shareholders approve. THe
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Our Firm", he says, "was founded the day in 1933 when all the banks in the country closed. It was an auspicious start. I walked in on the head of Filene's in Boston and made my pitch, namely to run a leased book department. 'By the way', he asked after listening to me, 'what is your company's name?'
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chain with the original intent of converting the stores to the Waldenbooks brand, However, Waldenbooks discovered that when they continued to operate the newly acquired stores as Brentano's, the new stores were generating more sales than equivalent Waldenbooks, so Waldenbooks decided to continue and
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Kmart Corporation today announced 1993 sales and operating results for the Borders-Walden Group, representing Kmart's retail book subsidiaries, Borders and Walden Book Company, which have been combined to form the new retail bookstore group. The Borders-Walden Group operates 44 Borders stores in 21
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Kmart Corp., which agreed to acquire bookstore chain Borders Inc. in October, said Borders will run all of Kmart's extra-large book superstores. As of Feb. 1, Borders will manage its own 22 book superstores, which operate under the name Borders Book Shops, plus four Basset Book Shop superstores now
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Waldenbooks will be opening stores in its two newest fields shortly, both outside its traditional bailiwick: software and children's educational toys. Waldensoftware, which will sell about 7,500 different software titles for the personal computer market, will open its first store in June in Darien,
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After terminating the discount book strategy, Walden began experimenting with larger stores by opening Waldenbooks & More stores that included merchandise beyond books, WaldenSoftware computer software stores, and WaldenKids educational toys stores. In 1987, Waldenbooks acquired the U.S. stores
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Waldenbooks, one of the largest mall-dwellers, has followed several other chains' lead and opened its first superstore last month in Stamford, Conn. The chain plans to open 50 more superstores, dubbed Bassett Bookshops, by the end of 1993. The store is not being marketed under the Waldenbooks name
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Waldenbooks tried its own hand at discounting. Last year it closed five conventional, money-making Waldenbook stores in the New York area, and reopened them as Reader's Market stores, offering discounts of 10% to 35% on all books. But the stores had produced average annual sales of only $ 600,000,
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The chief executive officer of Waldenbooks, Harry Hoffman, says he initially planned to convert the three Brentano's stores he bought in 1984 to Waldenbooks shops. But the childhood memory of his mother praising the extra service there gave him pause. So he revamped one old Brentano's store in St.
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after Carter Hawley Hale needed to get cash to defend itself from a hostile takeover attempt. At that time, Waldenbooks was the largest retail bookstore chain. Under Kmart's ownership, Walden attempted to expand and diversify its business. In 1985, it opened a discount book outlet chain called
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Beginning in 2004, many Waldenbooks locations were rebranded as Borders Express stores. Borders Group, in an attempt to increase profits and lower the overall expense of their Waldenbooks brand, also announced that it was downsizing the Waldenbooks chain to respond to the current "competitive
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When Kmart decided to spin off its noncore subsidiaries in 1994, Kmart merged Waldenbooks, Brentano's, and Borders to form the Borders-Walden Group. At that time, Waldenbooks had 1,216 stores in all 50 states. In 1995, the renamed Borders Group was able to buy back its
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Well, my company didn't have a name yet. But being a lover of nature and especially of Thoreau, the naturalist, and his "Walden", I had little trouble naming my company right then and there. It was the Walden Book Co. and has retained the name ever since.
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Waldenbooks, meanwhile, is embarking on a major investment program to convert its 23 Waldenbooks & More stores, which carry videos and other products in addition to books, into large stores called Waldenbooks & More Books, with about 50,000
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Reader's Market by converting five existing stand-alone Waldenbooks stores. A year later, Walden discontinued the discount bookstores after disappointing sales figures. Walden later tried this concept within selected Kmart stores.
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Conn. Waldenkids, which will sell educational toys and games for children under 12 years old, will open in four locations in April (Los Angeles; Columbia, Mo.; Atlanta, and Pittsburgh), and two more in Connecticut in June.
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Hoyt opened the first Walden bookstore in Pittsburgh in 1962. Within 15 years, the company had grown to over 250 locations in leased locations within various department stores. With the increased availability of low-cost
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run by Kmart's Waldenbooks division. Kmart, based in Troy, Mich., said that all Bassets will change their name to Borders, and in the future, all of the company's new book superstores will use the Borders name.
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and gradually converted the stores to Waldenbooks. By 1990, Waldenbooks began to convert Waldenbooks & More into even larger Waldenbooks & More Books stores with a greatly expanded book selection.
235:. The chain also ran a video game and software chain under the name Waldensoftware, as well as a children's educational toy chain under Walden Kids. In 2011, the chain was liquidated in bankruptcy. 1112:
Southam Inc., Toronto, said its Coles Book Stores Ltd. unit agreed to sell its 52 U.S. book stores and related assets to Waldenbooks Inc., a large Stamford, Conn.-based book retailer.
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because consumers associate the name too strongly with the mall stores. Not to mention that the name Bassett Bookshop evokes more of that warm, fuzzy feeling the store is aiming for.
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In 1992, Walden opened nine book superstores under the Basset Book Shop name; ultimately these stores were converted to Borders locations after the merger.
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On July 18, 2011, Borders Group filed for liquidation to close all of its remaining Waldenbooks and other stores. Liquidation commenced on July 22, 2011.
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Eichelbaum, Fred (May 16, 1958). "On the Main Floor...: 'How To' Session Reveals There's Money in Books: $ 184 Per Square Foot Of Main Floor Space".
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titled “The Scofflaw”, several scenes take place in a Waldenbooks, where Jake Jarmel has book signings and interactions with the other characters.
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Results included operations of the nine Basset Book stores which were transferred to Borders from Waldenbooks at the end of the year.
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in 1992. At that time, Kmart kept Borders and Waldenbooks separate, but converted Waldenbooks' Bassett stores to the Borders brand.
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Bekken, Jon (Winter 1997–1998). "Feeding the dinosaurs: Economic concentration in the retail book industry".
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Cox, Meg (November 15, 1989). "Mass Marketers of Books Aim to Be Class Marketers: Comparing Best Sellers".
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In 1984, Waldenbooks acquired three stores that were located in upscale neighborhoods from the bankrupted
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Knauer, Orren F. (February 28, 1994). "Kmart Corporation announces Borders-Walden Group 1993 results".
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Louis; when it reopened, annual sales exceeded $ 1 million, well above the sales for a new Waldenbooks.
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after the Second World War, rental library services were eventually replaced with retail book selling.
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By the 1970s, the company had sales of just under $ 200 million. In 1969, it was purchased by the
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Goerne, Carrie (July 6, 1992). "Now Book Browsers Can Munch Brownies as They Shop for Browning".
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environment". In January 2010, 200 stores, almost two-thirds of the total, were closed.
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Knauer, Orren F. (March 5, 1993). "Kmart Corporation announces borders 1992 results".
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Reilly, Patrick (March 10, 1986). "At Waldenbooks, More Gets Nod Over Discounting".
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On March 4, 1933, Lawrence Hoyt (1902–1982), a former sales manager for
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The Enduring Book: Print Culture (A History of the Book in America 5)
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released a teaser for the upcoming third season of its hit series
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is looking for someone in a mall and stands outside a Waldenbooks.
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Gwinnett Place Mall Transformed for 'Stranger Things' Season 3 |
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Reluctant Capitalists: Bookselling and the Culture of Consumption
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expand the Brentano's brand in select upscale neighborhoods.
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Liquidation as a result of bankruptcy of the Borders Group
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Walden Book Company, Booksellers to these United States
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In season 6, episode 13 (air date January 26, 1995) of
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Companies that filed for Chapter 11 bankruptcy in 2011
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titled "The Mayor's Committee from Deer Lick Falls",
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Coming Soon: The Starcourt Mall! Hawkins, Indiana (
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July 22, 1987. p. 1. 1072: 991: 979:"K mart Breaks Away From Its Pattern of 1960s" 461:List of defunct retailers of the United States 2565:Defunct retail companies of the United States 2163: 1598: 1454: 1373: 1333: 1284: 1264: 1218: 1169: 1117: 1023: 970: 882: 853: 765: 607:"Walden Book Company Inc. -- Company History" 1434: 1393: 1304: 1272:"Kmart to Purchase Borders Bookstores Chain" 1190: 1142: 950: 930: 811: 702: 648: 519: 308:In 1984, Waldenbooks itself was acquired by 1499:https://www.youtube.com/watch?v=-hWG5tnCj2g 1487:https://www.youtube.com/watch?v=aXyju7zFwyE 1422:"Slide Show: Who's Closing Stores In 2010?" 914:. Vol. 13, no. 4. pp. 3–26. 909: 903: 632:"Paid Notice: Deaths KAFKA, SYLVIA MARKLEY" 2610:Bookstores established in the 20th century 2170: 2156: 1605: 1591: 1402:"Waldenbooks' local shops may change name" 1178:"The Growing Battle of the Big Bookstores" 654: 25: 1551:Walden Book Company, Inc. Company Profile 1463:"All Waldenbooks, Borders stores closing" 976: 958:"Waldenbooks Norwalk Store Is Discounter" 2575:Companies based in Stamford, Connecticut 1361:Borders Group Inc. Media Relations FAQs. 1153:. Vol. 26, no. 14. p. 1. 661:. Vol. 96, no. 97. p. 8. 323: 315: 263: 2595:Retail companies disestablished in 2011 1460: 1175: 1007:. Vol. 2, no. 10. p. 1. 888: 356:and it was listed independently on the 2580:American companies established in 1933 2570:Defunct companies based in Connecticut 2552: 1310: 1236:(Eastern ed.). December 9, 1992. 1196: 1148: 1000: 736: 550: 532:"Lawrence W. Hoyt, Book Chain's Chief" 2151: 1586: 1399: 1123: 1056:from the original on January 31, 2018 977:Yoshihara, Nancy (January 28, 1985). 841:from the original on January 31, 2018 795:from the original on January 31, 2018 370: 2590:Retail companies established in 1933 1248:from the original on January 9, 2016 1102:from the original on October 2, 2017 774:"Broadway's Parent to Take New Name" 601: 599: 597: 398:On July 16, 2018, streaming service 1577:History of Walden Book Company Inc. 1564:Borders Group, Inc. Company Profile 1176:Berreby, David (November 8, 1992). 1124:Cohen, Roger (September 30, 1990). 859: 13: 2605:2011 disestablishments in Michigan 2600:1933 establishments in Connecticut 2177: 1547: (archived September 28, 2002) 1509: 1450:(Press release). November 5, 2009. 1381:"Borders Shares Off to Good Start" 889:Barmash, Isadore (July 24, 1984). 206: (archived September 28, 2002) 14: 2626: 1534: 829:. August 27, 1972. p. B_24. 783:. February 12, 1974. p. c9. 594: 2416:Sears Hometown and Outlet Stores 966:. December 11, 1984. p. 21. 946:. December 6, 1984. p. 16B. 715:. October 14, 1953. p. 26. 553:"Chapter 5: Selling the Product" 445: 431: 333:of the Canadian bookstore chain 16:Defunct American bookstore chain 2560:Bookstores of the United States 1503: 1491: 1475: 1461:Schorpp, Doug (July 18, 2011). 1414: 1359:Borders Group Media Relations. 1353: 891:"K Mart to Acquire Waldenbooks" 743:. University of Chicago Press. 280: 1400:Gomes, Andrew (May 20, 2004). 1292:"Kmart to Sell Stakes in Unit" 677: 624: 544: 472: 1: 1579:at FundingUniverse.com (1997) 1081:"Business Brief: Southam Inc" 1044:. April 5, 1987. p. D8. 912:Publishing Research Quarterly 466: 320:WaldenSoftware logo (c. 1997) 1517:Atlanta Journal-Constitution 1363:Retrieved December 5, 2004. 687:. 2019-02-14. Archived from 609:. 2012-04-12. Archived from 297:, written as a single word. 7: 1510:Ho, Rodney (May 11, 2018). 424: 10: 2631: 2464:Homart Development Company 2138:(including local entities) 1617:and book superstore chains 709:"Walden Book Company Ad". 238: 231:chain and a subsidiary of 2479:Pace Membership Warehouse 2429: 2406:National Tire and Battery 2346: 2310: 2249: 2228: 2202: 2185: 2128: 2037: 2014: 1963: 1908: 1855: 1834: 1827: 1786: 1723: 1702: 1629: 1622: 1367:October 12, 2004, at the 1004:Crain's New York Business 737:Miller, Laura J. (2008). 551:Miller, Laura J. (2009). 328:Waldenkids logo (c. 1987) 213:Walden Book Company, Inc. 195: 183: 153: 143: 133: 123: 115: 97: 87: 65: 55: 45: 33: 24: 20:Walden Book Company, Inc. 2195:, Chairman (major owner) 2136:List of bookstore chains 268:Waldenbooks logo c.1960s 2474:Orchard Supply Hardware 2421:Sears Roebuck de MĂ©xico 2401:Martha Stewart Everyday 1883:Suomalainen Kirjakauppa 358:New York Stock Exchange 249:Bridgeport, Connecticut 82:Bridgeport, Connecticut 2001:Indigo Books and Music 335:Coles Book Stores Ltd. 329: 321: 269: 103:; 13 years ago 71:; 91 years ago 2028:Angus & Robertson 1637:Librairie Avant-Garde 327: 319: 267: 2376:Dean Witter Reynolds 2220:Richard Warren Sears 2215:Alvah Curtis Roebuck 540:. December 20, 1982. 287:Broadway Hale Stores 245:Simon & Schuster 2432:acquired properties 2277:Harry B. Cunningham 1773:National Book Store 1430:. 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Index


Trade name
Subsidiary
Retail
Bridgeport, Connecticut
Ann Arbor, Michigan
Books
magazines
comic books
maps
calendars
gift cards
Parent
Borders Group
waldenbooks.com
Wayback Machine
doing business as
shopping mall
bookstore
Borders Group
Simon & Schuster
Bridgeport, Connecticut
Henry David Thoreau
Walden

paperbacks
Broadway Hale Stores
Brentano's
Kmart

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