Barnes and Noble CEO Resigns
Justin Sullivan/Getty Images(NEW YORK) — Three years after being hired to revive the sagging fortunes of America’s biggest bookseller, the CEO of Barnes & Noble Inc. has resigned.
William Lynch’s departure follows another sorry chapter for the retailer. Just last month, Barnes & Noble reported that its sales took a big hit during its latest quarter. Losses doubled as the company’s Nook tablets didn’t fare well against competing devices.
Lynch, a former Palm Inc. executive, was hired to boost the retailer’s tablet business.
Copyright 2013 ABC News Radio
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