News item on July 9, 1913:
Barnes & Noble Saddlery and Horseshoe Nail Purveyors
announced today that they are abandoning sales of the new "automobile tyre."
This failed "new technology" venture was pushed strongly by CEO Wm.
Lynch, who is leaving the company. A Barnes & Noble spokesperson said
B&N will henceforth concentrate on its established and well-respected core
business of "providing for all the needs of those who travel,
everywhere."
News item on July 9, 2013:
Barnes & Noble Books Stores announced that CEO William Lynch has "resigned," effective
immediately. Lynch was responsible for pushing Barnes & Noble into the new
"e-reader" technology with the Nook reader, which has been a big
loser for B&N. Leonard Riggio, founder of B&N, has resumed leadership
of the company. It is well known that Riggio's vision for B&N is to focus
on its 675 established and well-respected bricks-and-mortar book stores, and
avoid the competitive fight for e-book readers.
No comments:
Post a Comment