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Retail CEOs Breathe Sigh of Relief as Vote Distraction Ends

  • Barnes & Noble expects rebound as shoppers turn off TVs
  • Macy’s CEO waiting to see how Trump’s policies unfold
Bloomberg business news

Retailers Brace for Holiday Shopping Season

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Barnes & Noble Inc. Chief Executive Officer Len Riggio is happy with the U.S. presidential election -- happy it’s over.

Riggio complained along with other retailers that the volatile campaign was a massive distraction that kept Americans from shopping. Barnes & Noble, the world’s biggest bookstore chain, said it saw the biggest impact on weeknights, when the three major cable TV networks provided a steady diet of talking heads weighing the strengths and weaknesses of Donald Trump and Hillary Clinton.