Barnes & Noble to buy Books Inc. in $3.25 million bankruptcy sale Fernando Cervantes Jr., USA TODAYSeptember 10, 2025 at 1:50 AM 0 Californiabased Books Inc., which filed for Chapter 11 bankruptcy back in January, is now seeking bankruptcy court approval to be bought by Barnes & Noble for $3.
- - Barnes & Noble to buy Books Inc. in $3.25 million bankruptcy sale
Fernando Cervantes Jr., USA TODAYSeptember 10, 2025 at 1:50 AM
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California-based Books Inc., which filed for Chapter 11 bankruptcy back in January, is now seeking bankruptcy court approval to be bought by Barnes & Noble for $3.25 million, according to a press release from the bookseller.
Barnes & Noble confirmed that Books Inc. would continue to operate nine locations if the acquisition is approved this fall, according to the release.
The 174-year-old Books Inc., the Bay Area's oldest independent bookstore chain, filed for bankruptcy earlier this year, citing rising operating costs and "changing consumer buying habits exacerbated by the COVID pandemic."
"This agreement will ensure that Book Inc.'s legacy will continue for the foreseeable future," Books Inc. CEO Andy Perham said. "With Barnes & Noble's deep resources and world-class support, Books Inc. will be able to quickly modernize its operations so we can focus on what we do best: connecting people with books, ideas, and each other."
Barnes & Noble opened in Tanger Outlets Seaside in September 2024.
The proposed Books Inc. acquisition adds to Barnes & Noble's expansion strategy in recent years. According to the company, back in 2024, it bought the Denver-based Tattered Cover Book Store, which had also filed for Chapter 11 bankruptcy protection.
"Books Inc. has a storied history and wonderful bookstores, and we are very pleased to ensure their continuity," James Daunt, CEO of Barnes & Noble, said. "We look forward to welcoming the booksellers of Books Inc. to Barnes & Noble."
Apart from buying struggling retailers, Barnes & Noble has expanded its physical footprint. Back in April, the company announced that it would be opening 60 new stores in 2025, following a period of "strong sales" in existing stores.
USA TODAY's Amaris Encinas contributed to this report.
Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at [email protected] and follow him on X @fern_cerv_.
This article originally appeared on USA TODAY: Barnes & Noble acquires Books Inc. in $3.25 million bankruptcy sale
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