The Board of Directors of Barnes & Noble, Inc. announced the termination of its Chief Executive Officer, Demos Parneros, for violations of the Company’s policies. This action was taken by the Company’s Board of Directors who were advised by the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP. Mr. Parneros’ termination is not due to any disagreement with the Company regarding its financial reporting, policies or practices or any potential fraud relating thereto. Mr. Parneros will not receive any severance payment and he is no longer a member of the Company’s Board of Directors. In order to ensure continuity going forward, the Company has appointed a leadership group to share the duties of the office of the CEO until a new leader is named. Those appointed include: Allen Lindstrom, Chief Financial Officer, Tim Mantel, Chief Merchandising Officer and Carl Hauch, Vice President, Stores. Leonard Riggio remains Executive Chairman of the Company and will be involved in its management. Click Read More below for additional information.
While branding remains a top function of the catalog, innovative merchants are leveraging it to drive customers online and provide inspiration through imagery. This is why some of today’s largest retailers are still retaining the catalog as a key element in their overall marketing strategy.
In this Multichannel Merchant new report you will learn:
•The Catalog is Alive Special ReportAbout innovative formats being developed in today’s catalogs
•How merchants are using it as a key marketing tool
•How major retailers are giving the catalog a digital era makeover
•How it remains an important player in the omnichannel mix
more at: https://multichannelmerchant.com/marketing/state-catalog-alive-well/