(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
Jethro Mullen Ivana Kottasova and Patrick Gillespie, CNN
Ahiza Garcia, CNN
Cristina Alesci Seth Fiegerman and Charles Riley, CNN
Sarah Anderson, Deseret News