Complex sentence: Waterloo is noted for its knowledgeable staff and an emphasis on customer service, and has been awarded "Best Record Store" in the Austin Chronicle's "Best of Austin" awards nearly every year since it opened.
Split into simpler sentences: Waterloo is noted for its knowledgeable staff and an emphasis on customer service. It has been awarded "Best Record Store" in the Austin Chronicle's "Best of Austin" awards nearly every year since it opened.