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Gary Friedman, the chairman and co-chief executive of Restoration Hardware, has stepped down from his positions after an internal inquiry into an intimate relationship he had with a 26-year-old female employee, according to people involved in the matter. The leadership change earlier this week comes at a significant moment for Restoration Hardware as it prepares for an initial public offering. Friedman, 54, often appears in the company's catalogs in jeans and a T-shirt and is considered the driving force behind the company's vision and aesthetic, which includes high-priced faux antique furniture and hardware accessories.

Seattle -- Nordstrom said Friday it has debuted a new iPad app that will allow its customers to browse and purchase merchandise via their iPad tablets. The company said it plans to introduce additional features and functionality with subsequent updates...

Foot Locker Inc.'s (FL) second-quarter profit jumped 59% as the athletic apparel and footwear chain saw its same-store sales pop, while margins also increased. Shares surged 8% in premarket trading to $37.25 as results comfortably beat Wall Street...

Birmingham, Ala. -- Hibbett Sports reported Friday that net income for the quarter ended July 28 surged 32.9% to $7.9 million from $5.9 million in the comparable-year period. The retailer reported a net sales increase of 8% to $165.4 million compared...

New York -- Aeropostale reported Friday that net income for the second quarter was $100,000, compared with $2.9 million last year. Sales increased 4% to $485.3 million, from $468.2 million in the year-ago period. Same-store sales, including the...

Chesapeake, Va. -- Dollar Tree Inc. reported Thursday that profit for the quarter ended July 28 soared 26% to $119.2 million, compared with $94.9 million in the year-ago period. Sales rose 10.5% to $1.7 billion, just missing Wall Street’s expected $1.71...

Minneapolis -- Best Buy Co. co-founder Richard Schulze said Thursday that he is staying the course on his plan to acquire the company and take it private, adding that he has heard from a lineup of private equity firms prepared to make "significant...

E-Mail This StoryPrinter-Friendly Format SportsOneSource Media Posted: 8/16/2012 Under Armour, Inc. said Janet Fox, senior vice president of sourcing, has resigned from the company to pursue other interests. Her resignation will be effective August...

A bevy of big-name retailers including Wal-Mart, Best-Buy and Target are teaming up to create a company that will give consumers another way to make purchases: with their cellphones. The businesses said Wednesday that the new company, Merchant Customer Exchange, is developing a mobile application that will be available for nearly any smartphone. The app is expected to integrate a variety of coupons, rebates and loyalty programs.

July retail sales excluding automobile, gas stations and restaurants increased 0.8 percent seasonally adjusted from June and 1.2 percent unadjusted year-over-year, according to the National Retail Federation (NRF). The organization said July's figures...