The Red Tea Detox

Barnes & Noble Inc, which in July fired its chief govt officer, stated on Thursday it will start the method to discover a substitute solely after its annual shareholder assembly in early October.

Demos Parneros, who was fired over allegations of sexual harassment and different inappropriate conduct, sued Barnes & Noble in August, saying that the corporate had falsely accused him of violating its sexual harassment coverage.

The corporate is within the strategy of “therapeutic and fixing,” Chairman Leonard Riggio stated on a post-earnings name with analysts, including that the previous CEO’s lawsuit was “nothing however a smokescreen in an try to extort cash from the corporate.” 

READ  Sarah Ferguson Might Drive Prince Philip's Greatest Poker Face At This Occasion

RELATED: Check out the most important retailers that filed for chapter in 2017: 

10 PHOTOS

Retailers that filed for chapter in 2017

See Gallery

Gordmans Shops

REUTERS/Rick Wilking

Basic Wi-fi Operations (previously RadioShack)

(PAUL J. RICHARDS/AFP/Getty Photos)

HHGregg

Photographer: Daniel Acker/Bloomberg by way of Getty Photos

BCBG Max Azria

(Picture by Rob Kim/FilmMagic)

Moist Seal

READ  Pleasure Reid Suggests Florida Democratic Voters May Be Racist

(Picture by Justin Sullivan/Getty Photos)

The Restricted

(Picture by Jb Reed/Bloomberg by way of Getty Photos)

Gymboree

Photographer: David Paul Morris/Bloomberg by way of Getty Photos




HIDE CAPTION

SHOW CAPTION

Barnes & Noble additionally reported a bigger-than-expected first-quarter loss as gross sales have been hit by a “main glitch” within the firm’s web site that stopped prospects from trying up if their native retailer had a guide in inventory. Similar-store gross sales additionally dropped greater than analysts’ estimates.

READ  Nick Carter won't be charged over alleged sexual assault

The corporate’s shares have been down 7 p.c at $4.60 on Thursday.

(Reporting by Uday Sampath in Bengaluru; Enhancing by Sriraj Kalluvila)

LEAVE A REPLY

Please enter your comment!
Please enter your name here