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Vestis Retail Group, which operates the Eastern Mountain Sports, Bob’s Stores and Sport Chalet chains, is preparing a bankruptcy filing, extending a run of retail-industry defaults, according to a person familiar with the matter. The company, owned by private equity firm Versa Capital Management LLC, could file as soon as next week, said the person, who…

L Brands Inc. said it would restructure its Victoria's Secret business in an attempt to streamline operations and focus more on its core merchandise, as the retailer reported better-than-expected growth Thursday across its established stores in March. The restructuring comes two months after Sharen Turney resigned as Victoria's Secret chief executive. Victoria's Secret will cut about 200…

Struggling surfwear chain Pacific Sunwear of California Inc is preparing to file for bankruptcy, Bloomberg reported late on Monday, citing people with knowledge of the situation. The company's shares fell as much as 70.4 percent to 10 cents in heavy trading on Tuesday. Pacific Sunwear, which has posted annual losses since 2008, did not immediately respond to…

Etsy CEO Chad Dickerson made it clear to Wall Street that he was looking to Seller Services to help monetize the site now that Etsy is a public company, and on Tuesday, announced a new offering that puts it in the store-hosting business. Pattern by Etsy is just like a seller's Etsy Shop, but hosted outside…

Jeff Bezos wants you to know that his big bets pay off. In his annual shareholder letter, which was unveiled on Tuesday, the Amazon.com CEO issued the Wall St. version of an “I told you so” by declaring that experiments like cloud hosting service Amazon Web Services have become massive businesses for the Seattle-based web retailer.…

The U.S. Supreme Court on Monday rejected Wal-Mart's bid to throw out a more than $150 million class-action judgment over the retailers' treatment of workers in Pennsylvania. The case had been on hold at the high court while the justices weighed an appeal brought by Tyson Foods in a separate class-action case. On March 22, the…

Advance Auto Parts announced Monday that it has hired a new CEO to lead the publicly traded company, which is a leading seller of aftermarket auto parts. Tom Greco, 57, served most recently as CEO of Frito-Lay North America, a division of PepsiCo. He replaces Darren Jackson, who retired from Advance in early January.

Amazon.com announced yesterday a plan to spread adoption of its payments service, Amazon Payments, to more third-party websites. With the launch of its Amazon Payments Global Partner Program, the retailer will help e-commerce platform providers and other developers integrate with Amazon Payments so their own merchants can offer the option to “Pay with Amazon” at…

The drama between Sports Authority Holdings Inc. and consignment suppliers is coming to an end with a settlement that looks to resolve more than 160 lawsuits. Sellers of shoes, gloves and other winter gear sold on consignment sought the return of their goods after Sports Authority filed for bankruptcy last month. The retailer, which is liquidating…

You used to go Staples for office supplies. Now you can just call it your office. On Monday, the megastore that's long specialized in paper and printer ink is set to announce a partnership with Workbar Inc., the Boston shared-workspace company. The relationship will establish co-working spaces inside three Staples stores, in Norwood, Brighton, and Danvers,…