Leonard Riggio

William Lynch, chief executive of Barnes and Noble and architect of the company's digital strategy, resigned Monday, the company announced Monday. 

Bookstore giant Barnes and Noble is planning to put itself up for sale, according to multiple media reports Tuesday

Barnes & Noble (NYSE: BKS), a slightly younger brother to Blockbuster in the retail industry, has gone up for sale. The book store firm’s stock moved up 30% after hours to $16.10, more evidence that indeed there is a sucker born every minute. There is some proof that Wall St. has not lost its head altogether. Barnes & Noble’s 52-week high is $28.78. The stock traded at $45 less than five years ago.

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