Founded in 1886, Barnes & Noble was bought in 1971 by Leonard Riggio, who built up the business into the United States’ biggest book retailer. However, it lost market share in the early 21st century to e-books, and because of tough online competition from Amazon.com.
The sudden resignation of Barnes & Noble’s chief executive could indicate the struggling bookseller is closer to breaking up and returning to basics: bookstores.Wednesday, 10 July, 2013, 11:20am
Barnes & Noble chief executive William Lynch resigned on Monday, an acknowledgement that its digital division Nook has failed to compete successfully in the e-reader and tablet markets and possibly presaging a further shake-up in the company.9 Jul 2013 - 10:48am
Barnes & Noble will stop manufacturing its own Nook tablets, marking the end of its expensive attempt to compete alone with deep-pocketed rivals Amazon.com, Apple and Google in the tablet wars.26 Jun 2013 - 10:50am