Barnes & Noble Inc said on Wednesday that Michael Huseby, the head of its digital division, was named chief executive, a move Wall Street interpreted to mean the bookseller still sees e-books and e-readers as a priority.The largest U.S. bookstore chain had been without a CEO since July, when William Lynch resigned in the wake of several quarters of poor sales of Barnes & Noble's Nook e-readers and e-books business, which he developed. Last quarter, Nook division sales fell 32 percent, continuing the decline.Huseby joined Barnes & Noble as finance chief in March 2012 and was made head of its Nook digital unit last summer.The selection of Huseby "shows tech still a priority," said Barclays Capital analyst Alan Rifkin in the headline of a research note.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS traded higher by 0.68% or $0.1/share to $14.85. In the past year, the shares have traded as low as $12.59 and as high as $23.71. On average, 1216760 shares of BKS exchange hands on a given day and today's volume is recorded at 766415.
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