Retail, tech world mourn death of Steve Jobs

CUPERTINO, California —Steve Jobs, the man behind one of the most influential technology companies, passed away Wednesday.

"We are deeply saddened to announce that Steve Jobs passed away [Wednesday]," Apple's board of directors announced in a statement. "Steve’s brilliance, passion and energy were the source of countless innovations thatenrich and improve all of our lives. The world is immeasurably better because of Steve."

Jobs, who suffered from pancreatic cancer, stepped down as CEO of Apple in January. In August, Tim Cook, the former COO who had been serving as acting CEO since Jobs' departure, became CEO following Jobs resignation from the position. Since then, Jobs has been serving as chairman of the board.

Jobs’ impact on the retail industry was noted by the National Retail Federation.

"The National Retail Federation and the entire retail industry mourn news of the passing of Apple founder Steve Jobs, one of the most innovative leaders of our time who created an iconic retail brand through innovation and design,” said Matthew Shay, NRF president and CEO. “In a challenging economy, Jobs and the entire Apple team invented discretionary products that many Americans now consider necessities, from the iPod to the iPhone and the iPad. He leaves behind a legacy that will inspire retail companies for decades to come."