New York, New York - July 2, 2015 - Barnes & Noble, Inc. (NYSE: BKS), the nation's largest retail bookseller, today announced that Ronald D. Boire has been named Chief Executive Officer of Barnes & Noble's Retail business, effective September 8, 2015. Mr. Boire is currently President and Chief Executive Officer, and a member of the Board of Directors, Sears Canada (SCC.TO, SRSC).
Three years after bookseller Borders filed for bankruptcy, is another bookstore staple getting closer to the chopping block? Barnes & Noble NE -0.91%, the largest bookseller in the U.S., isn't a goner just yet, but the development it revealed Thursday morning is not pretty: investor Liberty Media LMCA -1.24%, which once considered buying Barnes & Noble for $1 billion, is slashing its stake and privately selling a majority of its investment in the struggling book chain.
Back in July of last year, Barnes & Noble announced that its former CEO, William Lynch, was to resign immediately. The resignation set off a huge executive shuffle with Michael P. Huseby being named CEO of Nook Media and President of Barnes & Noble. The board must have liked Huseby's work as he's now been promoted.
Barnes & Noble announced this morning that it has a new CEO in Huseby. He will assume the role immediately and be "responsible for all of the company's business units including Barnes & Noble Retail,
Barnes & Noble (NYSE:BKS) has unveiled a new ad campaign starring 30 Rock actor Jack McBrayer to push the book chain as a holiday shopping destination with something for everyone, and promote the new Nook GlowLight e-reader.
In an announcement, Barnes & Noble unveiled its "It All Happens At Barnes & Noble" TV ad campaign starring the charismatic and recognizable actor. The ads feature McBrayer shopping at Barnes & Noble for all of the people on his holiday shopping list, showing that at Barnes & Noble shoppers can find something for everyone.
Barnes & Noble's retail CEO, Mitchell Klipper, has sold off a large portion of his stock in the company in the past few days, according to an SEC filing. Klipper sold about 400,000 shares, roughly two-thirds of his total stock in the company, between August 22 and August 26, raising over $5.5 million. Barnes & Noble announced in its earnings report last week that it had decided not to spin off the company's struggling Nook division, and chairman Leonard Riggio said he is no longer pursuing a plan to take the retail stores private.
(Reuters) - Barnes & Noble Inc's founder on Tuesday pulled the plug on his plan to buy the company's bookstores and the chain posted a deeper quarterly loss, sending its shares down as much as 16 percent in early trading.
The quarterly results came in slightly ahead of Wall Street expectations, but sales of B&N's Nook device and e-books plunged, and business at its stores slumped.
Leonard Riggio, the company's chairman, founder and top shareholder, said he has suspended his efforts to make an offer for B&N's retail business but reserves the right to pursue an offer in the future.