• The New York Times reports that Barnes & Noble CEO Ronald D. Boire is departing the company after less than a year in the job, making him the third CEO to leave in less than three years.
According to the Times, "Boire, who previously worked in top posts at Sears Canada, Brookstone and Toys R Us, tried to transform Barnes & Noble by expanding its selection of games, toys, art supplies and music and by offering coding and 3D printing workshops. On corporate earnings calls, Mr. Boire often talked about how strong sales of coloring books and vinyl records were bolstering revenue."
However, in the announcement about Boire's departure, the company said that he was "not a good fit for the organization and that it was in the best interest of all parties for him to leave the company."
According to the Times, "Boire, who previously worked in top posts at Sears Canada, Brookstone and Toys R Us, tried to transform Barnes & Noble by expanding its selection of games, toys, art supplies and music and by offering coding and 3D printing workshops. On corporate earnings calls, Mr. Boire often talked about how strong sales of coloring books and vinyl records were bolstering revenue."
However, in the announcement about Boire's departure, the company said that he was "not a good fit for the organization and that it was in the best interest of all parties for him to leave the company."
- KC's View:
