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  • The rich get richer and for everyone else, there's Target

    The luxury retail market is doing well. Reports at the end of 2014 showed that many of the high-end brands, Diane von Furstenberg, Bergdorf Goodman, Barney's New York, Michael Kors and Saks Fifth Avenue are reporting increases in sales and revenue and are expanding their physical and online presences globally.

Ron Johnson leads $16M investment in Nasty Gal

Women's apparel retailer Nasty Gal announced a $16 million investment led by Ron Johnson, the former retail boss of Apple and former CEO of JCPenney. The investment in the Los Angeles-based company also comes with a seat on the board.

Barnes & Noble to dedicate new company to college business

Barnes & Noble announced a separation of its college business from its retail and Nook digital business. The planned separation will result in two independent, publicly traded companies, to be completed by the close of August, 2015. The company believes that the separation of Barnes & Noble Education will allow each business to optimize opportunities and benefit from the clarity of separate management.

GameStop picks up 160 RadioShack stores

In an auction for what remains of RadioShack's 2,000 store locations, GameStop won the right to take over more than 160 stores. According to court documents filed in Wilmington, Delaware, by the bankrupt consumer electronics retailer, GameStop's Spring Communications Holding Inc. will pay $15,000 per store to take over leases in the United States, choosing the locations it wants to buy, reported Bloomberg.

Amazon to enter South Korea

Online retail giant Amazon could be opening offices in South Korea as early as March, according to Donga Daily News reports. Amazon would be a direct competitor with Gmarket, an already established local online auction and shopping site. Amazon is looking for employees with experience in Korea's online retail business, reported CNET. There are an estimated 300 jobs to be filled, mostly IT. The retailer's website lists several positions vacant in Seoul.

Amazon hires former White House Press Secretary Jay Carney

Former White House Press Secretary Jay Carney will join Amazon on Monday as the digital retailer's senior VP for worldwide corporate affairs.

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