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Loehmann’s commences going-out-of-business sale Jan. 9
New York -- After almost 93 years, off-price specialty retailer Loehmann's is going out of business.
On Jan. 7, the U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture formed by SB Capital Group, LLC, Tiger Capital Group, LLC, and A & G Realty Partners, to conduct "Going Out of Business" sales in each of Loehmann's 39 locations in 11 states and the District of Columbia.
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Barnes & Noble appoints current president to CEO
New York – Barnes & Noble, Inc. has appointed president Michael P. Huseby to CEO. Immediately, in his role, Huseby will be responsible for all of the company’s business units including Barnes & Noble Retail, Barnes & Noble College and Nook Media.
He will report to the board of directors and has been elected to serve on the board. Huseby joined Barnes & Noble as CFO in March 2012, and was promoted to president in July 2013.