Tuesday, July 9, 2013

Barnes & Noble CEO Resigns

http://money.cnn.com/2013/07/08/news/companies/barnes-noble-ceo/index.htm
Lynch is departing after a three-year tenure in which Barnes & Noble was battered by the shift away from brick-and-mortar bookstores to e-commerce and digital products. 
The company has tried to compete in the tablet market with the likes of Amazon's (AMZN, Fortune 500) Kindle and Apple's (AAPL, Fortune 500) iPad, but sales of its Nook tablets have disappointed, falling 34% in the most recent quarter.