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Finance Latest News: Departure of Barnes & Noble CEO May Put Focus on Retail

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July 09, 2013 AT 7:29 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.