Waldenbooks

Waldenbooks

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Waldenbooks

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Description:
Waldenbooks (often referred as Waldens), operated by the Walden Book Company, Inc., was an American shopping mall-based bookstore chain and a subsidiary of Borders Group. There were 150 Waldenbooks stores in malls across the United States. They also ran a video game and software chain under the name Walden Software as well as a children's edutainment chain under Walden Kids.

History

On March 4, 1933, Lawrence Hoyt opened a rental library in Bridgeport, Connecticut. Within fifteen years it had grown to over 250 locations. In 1962 he decided to open a bookstore, and in 1981 it became the first bookstore to have stores in every state. For a time it was owned by the retail conglomerate Carter Hawley Hale. Over the past several decades Waldenbooks has earned itself a rather specialized niche in retail book selling by locating almost exclusively inside shopping malls, and are known for being a mall bookseller today.

In 1984, Waldenbooks was acquired by Kmart. That year it acquired the Brentano's chain. In 1994, Kmart merged Waldenbooks and Borders, another chain it had acquired, forming the Borders-Walden Group. In 1995 the renamed Borders Group was able to buy back its stock and it was listed independently on the New York Stock Exchange.

After 2004, many Waldenbooks locations were re-branded as "Borders Express" stores. Borders Group also announced that it was downsizing the...
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