Feeds

Barnes & Noble chief walks as Nook ereader stumbles

Lynch leaves after ereader division sales drop 34%

Choosing a cloud hosting partner with confidence

Barnes & Noble chief exec William Lynch is resigning his post as sales at the firm's bookstores continue to plunge and the Nook ebook reader fails to revive B&N's fortunes.

In a flurry of shuffling, the bookstore chain announced that Lynch was leaving the chief's chair after three years. At the same time the firm said that Michael Huseby had been appointed chief of Nook Media and president of B&N and current corporate controller Allen Lindstrom had been promoted to CFO.

“I appreciate the opportunity to serve as CEO of this terrific company over the past three years,” Lynch said.

“There is a great executive team and board in place at Barnes & Noble, and I look forward to the many innovations the company will be bringing to its millions of physical and digital media customers in the future.”

A few days ago, the book firm reported that sales in its digital Nook division had dropped 34 per cent in the recent quarter from a year earlier, while overall losses doubled to $118.6m.

The company said that it plans to try to sort out the Nook business by outsourcing the actual manufacture of the tablet line. B&N said it would keep on developing the ereaders in-house, but someone else would be making the kit – although it has yet to say who this would be. ®

Beginner's guide to SSL certificates

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.