https://www.scmp.com/rss/307948/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.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. William Lynch, who became boss in 2010 to take on Amazon.com in the e-books wars, quit on Monday just two weeks after the company reported a 34 per cent drop in revenue in its Nook business, a venture he spearheaded that has cost Barnes & Noble hundreds of millions of dollars. His departure was somewhat of a surprise to investors... https://www.scmp.com/business/companies/article/1279420/departure-barnes-noble-chief-may-put-focus-retail?utm_source=rss_feed https://www.scmp.com/business/companies/article/1279420/departure-barnes-noble-chief-may-put-focus-retail?utm_source=rss_feed Wed, 10 Jul 2013 03:16:02 +0000 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. Chairman and founder Leonard Riggio, the largest shareholder of Barnes & Noble, said the company is reviewing its strategic plan and announced a series of executive changes. The new appointments suggest Riggio may be stepping up efforts to re-organise the... https://www.scmp.com/business/companies/article/1278618/barnes-noble-chief-resigns-after-nook-sales-slump?utm_source=rss_feed https://www.scmp.com/business/companies/article/1278618/barnes-noble-chief-resigns-after-nook-sales-slump?utm_source=rss_feed Tue, 09 Jul 2013 02:48:08 +0000 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. The top US bookstore chain reported another quarter of dismal results on Tuesday, led by a 34 per cent drop in sales of Nook devices and e-books business, and said it expects sales to continue to decline this fiscal year at its bookstores. Shares were down 17.5 per cent to US$15.53 in afternoon... https://www.scmp.com/business/companies/article/1269222/barnes-noble-retreats-tablet-wars-nook-sales-plummet?utm_source=rss_feed https://www.scmp.com/business/companies/article/1269222/barnes-noble-retreats-tablet-wars-nook-sales-plummet?utm_source=rss_feed Wed, 26 Jun 2013 02:49:47 +0000