Barnes & Noble fires CEO

The board of Barnes & Noble has ousted CEO Ronald Boire after less than a year on the job.

In a statement yesterday, officials with the bookseller said they determined Boire "was not a good fit for the organization and that it was in the best interests of all parties for him to leave the company."

Retail sales of the company decreased 1.9 percent in fiscal 2016.

Barnes & Noble plans to immediately find Boire's replacement. Executive Chairman Leonard Riggio will postpone his retirement during the search.

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