Amazon.com News Byte: Departure of Barnes & Noble CEO May Put Focus on Retail

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Amazon.com News Byte: Departure of Barnes & Noble CEO May Put Focus on Retail

Amazon.com News Byte: Departure of Barnes & Noble CEO May Put Focus on Retail
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Amazon.com News Byte: Departure of Barnes & Noble CEO May Put Focus on Retail

by Wochit 1:05 mins

The sudden resignation of Barnes & Noble Inc's chief executive could indicate the struggling bookseller is closer returning to basics: bookstores. William Lynch, CEO since 2010, quit just two weeks after the company reported a 34 percent drop in revenue in its Nook business, a venture he spearheaded that has cost Barnes & Noble hundreds of millions of dollars. Apple and Amazon have agreed to end their trademark dispute over the right to use the term "app store."?U.S. District Judge Phyllis Hamilton ordered that the entire case be dismissed at the request of both companies. Amazon is planning a complete overhaul of its Kindle Fire tablet lineup for 2013 and the first new slate from Amazon will be a replacement for the 7-inch Kindle Fire, the company?s entry-level tablet currently being sold for $159.

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