THE RETAIL BULLETIN - The home of retail news
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Health & Beauty
General Merchandise
Sports & Leisure
Retail Solutions
Food & Drink
Barnes & Noble CEO William Lynch resigns

US bookstore chain Barnes & Noble has announced that its chief executive William Lynch has resigned.


Barnes & Noble CEO William Lynch resigns

US bookstore chain Barnes & Noble has announced that its chief executive William Lynch has resigned.

The announcement follows recent news that sales of the company‘s Nook e-reader fell 34% in the fourth quarter as it struggled to compete with Amazon’s Kindle. The company is now rethinking its strategy for the e-reader business.

In the same announcement, Barnes & Noble said that Michael Huseby had been appointed as chief executive of Nook Media and president of Barnes & Noble. Huseby has served as chief financial officer since joining Barnes & Noble in March 2012.

Max Roberts, chief executive officer of Barnes & Noble College will continue to lead the company’s digital education strategy, reporting to Huseby.

Leonard Riggio, Barnes & Noble chairman, said: "We thank William Lynch for helping transform Barnes & Noble into a leading digital content provider and for leading in the development of our award-winning line of Nook products including Nook Simple Touch, Nook Simple Touch Glowlight and Nook HD and Nook HD+."

Riggio added that the company is in the process of reviewing its current strategic plan and will provide an update when appropriate.

Mitchell Klipper, chief executive of the Barnes & Noble Retail Group, will report directly to Riggio.

Lynch said: "I appreciate the opportunity to serve as CEO of this terrific company over the last three years. 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." 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News


Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy