Barnes & Noble Education, Inc.

Barnes & Noble Education, Inc. is one of the largest contract operators of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States. It is also one of the largest textbook wholesalers and inventory management hardware and software providers. As of May 2, 2026, the company operated 1,116 physical and virtual bookstores, providing educational content and general merchandise. The company's business strengths include its ability to develop new products and solutions, its large operating footprint with direct access to students and faculty, its established relationships with academic partners, stable, long-term contracts, and well-recognized brands. Barnes & Noble Education, Inc. offers products and services to address issues in higher education, such as convenience and affordability, through course material delivery models. These models aim to improve student experiences and outcomes. The company provides its BNC First Day ® affordable access course material programs, which include First Day Complete and First Day. These programs deliver faculty-required course materials on or before the first day of class at below-market rates, compared to the total retail price if purchased separately. Students are billed this below-market rate directly by the institution as a course charge or as part of tuition. The company's subsidiaries include Barnes & Noble College Booksellers, LLC (Barnes & Noble College or BNC) and MBS Textbook Exchange, LLC (MBS).