Sales of the Nook e-reader have struggled and it has had to cut prices
The chief executive of US bookstore chain Barnes & Noble, William Lynch, has resigned amid a continued drop in sales of its Nook e-books and devices.
His resignation comes just days after the firm reported that sales in the Nook business fell 34% in the fourth quarter, from a year earlier.
That saw its overall losses more than double to $118.6m (£77m) in the period.
The Nook e-reader was launched in 2009, but has failed to take on the Amazon's Kindle in the growing e-books market.
"Lynch was highly instrumental in making Nook a centrepiece in Barnes & Noble's broader operational strategy," said Alan Rifkin, an analyst at Barclays.
"With this announcement, Barnes & Noble is, in our view, signalling that it is attempting to reduce its dependence upon the Nook."
Source: BBC News - Business http://www.bbc.co.uk/news/business-23237000#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
