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Retailer Flees Pizza; Coach Creative Director's Store Opening Soon

And now, the latest from Racked, covering shopping and retail from the sidewalks up. And don't forget to bookmark Racked NY new's URL, ny.racked.com.

1) Midtown East: Retailer Hammacher Schlemmer might be giving up its lease on East 57th Street, where it has had a store since the 1920s. The culprit? Pizza! There are too many pizza places in the neighborhood, and they don't bring in the right kind of retail traffic.

2) UES: Construction watch: Reed Krakoff's Madison Avenue flagship will open this fall. The collection from Coach's creative director will look, well, kinda like Coach.

3) Everywhere: Donatella Versace is taking questions on Facebook. And will answer them on video!

· Racked [ny.racked.com]