Wednesday, August 17, 2016

Barnes and Noble Ousts CEO, Ron Boire - PW (Publishers' Weekly)

Panzer was tootling around in the Catosphere when he heard strange noises coming from the PW (Publishers' Weekly) site. Zipping over, he discovered some news about Barnes and Noble. Our inquisitive kitty does like to keep up to date on the goings on at Barnes and Noble. Their ebook selling site is the main outlet for his ebook sales.

According to a post by Rachel Deahl, Barnes and Noble announced the ousting (termination) of CEO Ron Boire. This comes on the heels of the disclosure that the company's June revenue showed a 3.1 percent decline with losses from the site and Nook sales. In the wake of Mr. Boire's departure, Barnes and Noble founder Len Riggio announced he will postpone his retirement until a replacement is found. Book publishers asked about the news were surprised and unhappy with the announcement.

I'll never understand humans.
Panzer says, "Let me see  ... Barnes and Noble announced a while back they were going to concentrate on building up their brick and mortar stores' restaurants and serve alcohol in them ... and ... cut back on the Nook. ... Hmmm ... Now Nook sales are down ... and ... the site (which sells ebooks for the Nook) sales are down. Coincidence? This kitty thinks not."

Note: This is a medium length post. Bring a cup of iced tea and cookie (biscuit) for today's reading selection.

To read the post, tootle over to Barnes and Noble

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