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Thu 26 Jun 2014 12:09 PM

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Barnes & Noble restructures

Barnes & Noble, a Fortune 500 company and the largest retail bookseller in the US, announced on June 25, 2014, a plan to separate Barnes & Noble retail and the Nook businesses into two publicly traded companies.

Barnes & Noble restructures
A statue of the racehorse Seabuiscut is displayed in front of a Barnes and Noble bookstore on February 28, 2013 in San Bruno, California. Bookseller Barnes & Noble reported a weak quarter and a 26 percent drop in sales of its Nook e-reader to post a 8.8 percent decline in revenue and a net loss of $6.1 million, or 18 cents a share, compared to a profit of $52 million, or 71 cents a share one year ago. (Getty Images)
Barnes & Noble restructures
Nooks are offered for sale at a Barnes & Noble store on June 25, 2014 in Oak Brook, Illinois. Barnes & Noble annouced today a plan to separate Barnes & Noble retail and the Nook businesses into two publicly traded companies. (Getty Images)
Barnes & Noble restructures
Nooks are offered for sale at a Barnes & Noble store on June 25, 2014 in Oak Brook, Illinois. Barnes & Noble annouced today a plan to separate Barnes & Noble retail and the Nook businesses into two publicly traded companies. (Getty Images)
Barnes & Noble restructures
A Nook tablet is offered for sale at a Barnes & Noble store on June 25, 2014 in Oak Brook, Illinois. Barnes & Noble annouced today a plan to separate Barnes & Noble retail and the Nook businesses into two publicly traded companies. (Getty Images)
Barnes & Noble restructures
Former Secretary of State Hillary Clinton meets with people during a book signing for her new book, 'Hard Choices' at a Barnes & Noble on June 10, 2014 in New York City. Clinton has published the book in what many believe is the beginning of another bid for the presidency. (Getty Images)
Barnes & Noble restructures
Former US President Jimmy Carter poses for a photo as he promotes his new book 'A Call To Action Women, Religion, Violence, And Power' at Barnes & Noble, 5th Avenue on March 25, 2014 in New York City. (Getty Images)
Barnes & Noble restructures
A window advertisement is viewed at a Barnes & Noble bookstore on August 20, 2013 in New York City. After announcing poor first quarter earnings, the struggling book bookstore's shares fell nearly 16% in morning trading. Barnes & Noble's Nook e-reader also saw revenue down more than 20%. (Getty Images)
Barnes & Noble restructures
A shopper walks by posters for the Barnes and Noble Nook e-reader at a Barnes and Noble bookstore on February 28, 2013 in San Bruno, California. Bookseller Barnes & Noble reported a weak quarter and a 26 percent drop in sales of its Nook e-reader to post a 8.8 percent decline in revenue and a net loss of $6.1 million, or 18 cents a share, compared to a profit of $52 million, or 71 cents a share one year ago. (Getty Images)