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After decades as one of the biggest names in the bookselling industry, Leonard Riggio, executive chairman of Barnes & Noble, has decided to take a step back. In a recent interview with The Wall Street Journal, Riggio said he would step down as executive chairman after Barnes & Noble’s annual meeting in September. The 75-year-old, who…

Sports Authority won't come out of bankruptcy as an independent company and instead wants to sell off all its holdings. "It has become apparent that the debtors will not reorganize under a plan but instead will pursue a sale," company attorney Robert Klyman told Judge Mary Walrath at a hearing Tuesday in U.S. Bankruptcy Court in…

Luxury retailer Coach said Tuesday it will cut more than 300 jobs, or 2 percent of its global workforce, as part of efforts to boost efficiency. The company said it expects to incur pretax charges of $65 million to $80 million in the current quarter as part of the cost cutting, which is designed to achieve…

Women’s retailer Chico’s FAS says it plans to decentralize its marketing and digital commerce, a move the company says will save $11 million in marketing expenses this year. “Disbanding these previously centralized functions will result in a leaner, more simplified structure that better supports the individual brand needs and places the functions closer to the…

To get back to their pre-recession productivity peak, the nation’s top department stores would have to close hundreds of locations, according to a leading real estate analysis firm. Chains such as Sears, J.C. Penney and Macy’s have been hit by a double whammy: the loss of market share to Amazon and specialty stores, coupled with chronic…

RadioShack has hired another chief executive to lead the slimmed-down retailer as it tries to forge a new path after bankruptcy. Dene Rogers, who previously served as CEO at Target Australia and at Sears Canada, will join the company as president and CEO on May 9, the company said today. Rogers replaces Ron Garriques, who left in January…

Eddie Lampert is not just axing unprofitable stores these days. The hedge fund mogul, who controls Sears Holdings, is shutting the department store’s 154-employee New York apparel design office. The office is slated to close in July, a Department of Labor filing revealed. Sears will move roughly 40 positions to an existing site in San Francisco — the…

J.Crew is getting personal to fix its problems. CEO Mickey Drexler sent out an email to all customers on the company's mailing list, Racked reports, with a very specific request: to email him directly. His email address, Racked notes, is msd@jcrew.com. Drexler reportedly revealed this information because he wants to hear customers' thoughts on how the retailer's…

eBay sellers in the U.S. and in the U.K. say a glitch is scaring buyers away from their listings by incorrectly displaying higher costs in search results than what the seller is offering. The glitch affects listings that offer free shipping - eBay is displaying shipping costs on some of those listings instead of free…

Stance, a maker of luxury socks, has raised $86 million. Dollar Shave Club, a grooming company that supplies subscribers with razors and moistened bathroom wipes, has amassed more than $160 million. And the Honest Co., actress Jessica Alba’s home-care brand known for its plant-based diapers, has scored $222 million. The three businesses make consumer goods, yet they’re…