Some Hope for Retail Execs

By Parija B. Kavilanz, CNNMoney.com senior writer

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cheers bartender

NEW YORK -- The recession has already claimed hundreds of thousands of store jobs in the past 12 months. Now it's slicing into the ranks of retailing's other talent pool -- white-collar professionals.

These are store managers, district managers, all the way up the corporate ladder to vice presidents and higher from now-defunct chains such as Linens 'N Things, Circuit City and Fortunoff.

But one company's loss is another business' treasure.