Videos News Byte: Departure of Barnes & Noble CEO May Put Focus on Retail

wochit technology
July 09, 2013 AT 7:27 PM
The sudden resignation of Barnes & Noble Inc's chief executive could indicate the struggling bookseller is closer returning to basics: bookstores. William Lynch, CEO since 2010, quit just two weeks after the company reported a 34 percent drop in revenue in its Nook business, a venture he spearheaded that has cost Barnes & Noble hundreds of millions of dollars.