retail climate

Mike Mozart

Barnes & Noble Founder: Retail Climate Is Terrible, Sales Will Keep Falling

Leonard Riggio, the founder of Barnes & Noble, was supposed to retire by now. Instead, he is serving as interim CEO after the company fired imported Canadian CEO Ronald Boire. He started the bookstore that grew into the Barnes & Noble chain more than 50 years ago, and he shared some important wisdom during the company’s earnings call today: things are really terrible in retail right now. [More]