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 bn.com 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.|
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