BNED to Distribute Pearson’s New Rental Titles in Fall 2018
BASKING RIDGE, N.J.--(BUSINESS WIRE)--Jun. 19, 2018--
Barnes
& Noble Education, Inc. (NYSE: BNED), a leading provider of
educational products and services solutions for higher education and
K-12 institutions, today announced an agreement with Pearson
to distribute Pearson rental titles at the Company’s 1,483 physical and
virtual campus bookstores nationwide. The agreement will allow the
companies to provide students, faculty and institutions with greater
access to more affordable course materials.
Through its Barnes & Noble College and MBS Textbook Exchange
subsidiaries, BNED will distribute rental textbooks offered through
Pearson’s rental program at its contract managed campus bookstores
nationwide, as well as at institutionally and privately run stores
serviced by MBS Wholesale and MBS Systems. The Pearson rental program
includes more than 130 titles across popular subject areas, and
continues to expand to meet the growing student demand for affordable
subscription products.
“It is critical that we work closely with our publishing partners as we
continuously seek new ways to offer the more than six million students
we serve even greater access to affordable learning materials,” said
Patrick Maloney, Chief Operating Officer of Barnes & Noble Education and
President of Barnes & Noble College. “We are excited to further expand
our partnership with Pearson, ensuring that students start the coming
school year with unparalleled access to course materials that fit their
learning style and budget.”
“Students today want to have access to their course materials at an
affordable price and in the format of their choice,” said Kevin
Capitani, president, Pearson North America. “This partnership with
Barnes & Noble Education expands our rental program to reach more
students than ever, not only in those stores operated by BNED, but also
in up to 600 independent bookstores through MBS’s POS system. This all
results in more titles for students, delivered more efficiently, and at
lower prices.”
With its centrally located, advanced distribution center, MBS provides
frictionless integration for publisher rental programs, including
Pearson’s. MBS offers a single point of entry for rental titles, and
centralized administration and distribution to more than 3,700 stores.
MBS also provide seamless ordering, receiving and returns of these
materials through the same processes bookstores use today, adding the
reporting required to track transactions.
“For years, MBS has demonstrated its ability to drive successful rental
programs, and we are pleased to extend this knowledge and expertise to
partners such as Pearson as they grow their own rental offerings,” said
David Henderson, President of MBS Textbook Exchange. “This partnership
will further drive positive outcomes for our clients, allowing them to
offer the students they serve greater access to more affordable rental
titles. We look forward to working with Pearson on this program.”
ABOUT BARNES & NOBLE EDUCATION, INC.
Barnes & Noble Education, Inc. (NYSE: BNED), a leading
provider of educational products and services solutions for higher
education and K-12 institutions, enhances the academic and social
purpose of educational institutions. Through its Barnes & Noble College
and MBS subsidiaries, Barnes & Noble Education operates 1,483 physical
and virtual bookstores and serves more than 6 million students and
faculty, and offers a suite of digital software, content and services
including direct-to-student study tools. The Company also operates one
of the largest textbook wholesale distribution channels in the United
States. Barnes & Noble Education acts as a strategic partner to drive
student success, provide value and support to students and faculty, and
create loyalty and improve retention, while supporting the financial
goals of our college and university partners.
BNED companies include: Barnes
& Noble College Booksellers, LLC, MBS
Textbook Exchange, LLC, BNED
LoudCloud, LLC, Student
Brands, LLC, and Promoversity,
LLC. General information on Barnes & Noble Education may be obtained
by visiting the Company's corporate website: www.bned.com.
ABOUT PEARSON
Pearson is the world’s learning company, with expertise in educational
courseware and assessment, and a range of teaching and learning services
powered by technology. Our mission is to help people make progress
through access to better learning. We believe that learning opens up
opportunities, creating fulfilling careers and better lives. For more,
visitwww.Pearson.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180619005445/en/
Source: Barnes & Noble Education, Inc.
Barnes & Noble Education
Carolyn J. Brown, 908-991-2967
Vice
President
Corporate Communications
cbrown@bned.com
or
Pearson
Scott
Overland, 202-909-4520
scott.overland@pearson.com