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When did Leonard Riggio start a bookstore?
Does Leonard Riggio still work at Barnes & Noble?
How did riggio's'superstore' revolutionize bookselling?
How did Riggio steer Barnes & Noble from a bonded leather era?
While at New York University, Riggio founded the Student Book Exchange in 1965 and turned this small book store into a leading retailer. He acquired the Barnes & Noble bookstore in New York City in 1971 and adopted its name for his expanding company.
- founder of modern Barnes & Noble bookstores (1971)
- February 28, 1941 (age 82), New York City, United States
- Steve Riggio (father)
- former Executive Chairman, Barnes & Noble
May 7, 2016 · Riggio steered Barnes & Noble from an era of bonded leather books through the proliferation of free information in the Internet age, and the advent of online booksellers.
Beginning with a single college bookstore in 1965, Mr. Riggio built one of the largest enterprises in the history of American retail. He is widely known as a visionary in the bookselling industry, and as a brilliant marketer and entrepreneur.
1971: Leonard Riggio acquires his first store. Riggio gets a $1.2 million bank loan to purchase the floundering Barnes & Noble bookstore on Fifth Avenue and 18th Street in New York City.
In 1971, bookseller Leonard Riggio acquired the Barnes & Noble trade name and flagship bookstore in Manhattan, merging it with his own thriving bookselling business. Within a few years, he had grown the Barnes & Noble Fifth Avenue store in New York City into "The World’s Largest Bookstore," with 150,000 textbook and trade titles.
Industry: Retail. Era: 1960. Riggio founded the Student Book Exchange in 1965 and turned this small book store into a leading retailer. He acquired the venerable Barnes & Noble bookstore in New York in 1971 and adopted its name for his expanding company.
Aug 12, 2018 · Andrew Mangum for The New York Times. By Alexandra Alter and Tiffany Hsu. Aug. 12, 2018. Leonard Riggio radically altered bookselling in America when he bought an ailing New York City...
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