Follett president and ceo Ray Griffith will retire at the end of the company's fiscal year in March 2018. Patrick Connolly will take over as president and ceo on January 2. He was ceo of Universities Worldwide, a unit of Sodexo that supports the university and K-12 market.
At Ten Speed Press, Daniel Wikey has been promoted to senior marketing manager and Erin Welke has been promoted to senior publicity manager.
Adria Goetz has been promoted to literary manager at Martin Literary & Media Management.
Barnes & Noble College store sales comps were down 4.4 percent, mostly because textbook sales comps were down 5 percent. Sales of $887 million were up $116 million -- which sounds good except that the MBS and Student Brands acquisitions contributed $139.4 million in sales. All of the earnings gain and then some ($21.6 in EBITDA) also came from the acquisitions.