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Half Price Books

Half Price Books, Records, Magazines, Inc.
Industry Retail (Specialty)
Founded 1972
Headquarters Dallas, Texas
Key people
Sharon Anderson Wright, CEO
Products Books, Records, CDs, DVDs, Magazines, Gifts
Website hpb.com

Half Price Books, Records, Magazines, Incorporated is the largest family-owned chain of new and used bookstores in the United States. The company’s original motto is "We buy and sell anything printed or recorded except yesterday's newspaper", and many of the used books, music, and movies for sale in each location are purchased from local residents. The corporate office is located in the flagship Northwest Highway location in Dallas, Texas. Half Price Books now operates more than 120 stores (including outlets) in 17 states.

Founders Ken Gjemre and Pat Anderson opened the first store in 1972 in a former laundromat in Dallas, Texas, filling the shelves with 2,000 books out of their personal libraries. Pat Anderson’s daughter, Sharon Anderson Wright, is the company’s current President and CEO. In 2009, Sharon's sister Ellen O'Neal stepped up to the position of Chairperson of the Board in order to become more involved with the family business.

Half Price Books has recently expanded into the outlet store business in Bloomington, Indiana; Bowling Green, Kentucky; Rockford, Illinois; and Olympia, Washington.

The Half Price Books original mission statement includes the promise to “promote literacy and be kind to the environment." Teachers and librarians, for example, are offered a year-round 10% discount on purchases. Each year, every Half Price Books store holds a book drive to collect new or gently used children's books, building “Half Pint Libraries” at pediatric hospitals and special-needs clinics in the communities it serves.

The company has promoted recycling and reusing, and the sound management of paper, energy and water resources. In 2008, Half Price Books launched a formal environmental education initiative called “B(eco)me Green” to help spread knowledge about the health of the environment.

In addition, the chain donates millions of books and its overstock inventory to non-profit organizations around the world such as Feed the Children and American Red Cross. It also gives some of its books to Better World Books, a for-profit on-line bookseller.


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