Barnes & Noble said on Wednesday that Michael Huseby, the head of its digital division, has been named chief executive, effective immediately. The largest U.S. bookstore chain had been without a CEO since William Lynch resigned in July in the wake of several quarters of poor sales of Barnes & Noble's Nook e-readers. Huseby joined Barnes & Noble as finance chief in March 2012, and last summer was made head of its Nook digital unit. The bookseller, which is contending with declining book sales, is set to report its holiday sales today.
William Lynch
Joe Keenan is the executive editor of Total Retail. Joe has more than 10 years experience covering the retail industry, and enjoys profiling innovative companies and people in the space.
Barnes & Noble announced Monday that CEO William Lynch has resigned, as the ailing bookseller struggles to find its place in a rapidly changing industry. 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 Kindle and Apple's iPad, but sales of its Nook tablets have disappointed, falling 34 percent in the most recent quarter.
Barnes & Noble Inc announced that William Lynch has resigned as Chief Executive Officer and director of the Company effective immediately. The Company also announced the following organizational...
New York -- Barnes & Noble Inc. signed an employment agreement with CEO William Lynch to remain in his post for another two years, according to a filing with the U.S. Securities and Exchange Commission. Lynch will receive the same compensation and...
New York -- Barnes & Noble reported Tuesday that it lost $41 million in the first quarter, compared with a loss of $56.6 million in the same period last year. Results were bolstered by sales of e-books and other digital content, said CEO William Lynch....
New York -- Barnes & Noble reported Tuesday that it narrowed its loss for the quarter ended April 28 to $57.6 million, compared with a loss of $59.4 million in the year-ago fourth quarter. Revenue was essentially flat at $1.38 billion, missing Wall Street’s expected $1.48 billion in revenue. Retail sales rose 5% to $1.05 billion and Nook sales fell 11% to $164 million, as the company took back its Nook Simple Touch e-reader from retailers to make room for new inventory. Same-store sales increased 4.5%. “We grew our business in 2012 while continuing to make the necessary investments
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