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Barnes and Noble CEO Resigns

Justin Sullivan/Getty Images(NEW YORK) -- Three years after being hired to revive the sagging fortunes of America’s biggest bookseller, the CEO of Barnes & Noble Inc. has resigned.

William Lynch’s departure follows another sorry chapter for the retailer.  Just last month, Barnes & Noble reported that its sales took a big hit during its latest quarter.  Losses doubled as the company's Nook tablets didn't fare well against competing devices.

Lynch, a former Palm Inc. executive, was hired to boost the retailer’s tablet business.

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