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STILL ON RETAIL: Even though Fortune magazine’s retail reporter Suzanne Kapner took the offer of a Time Inc. buyout, a magazine spokesman insists the title will provide the same level of coverage of the industry next year (albeit on a small scale — Fortune has reduced its frequency to 18 issues, from 25). This somewhat contradicts insiders who believe the magazine will narrow its focus to more core subjects such as finance going forward. Further evidence of Fortune’s continued focus on luxury and retail is that the title still intends to publish its annual Business of Style issue next September, now under new assistant managing editor Leigh Gallagher. The hiring of Kapner and an expanded Business of Style issue from 2007 marked an increased drive by Fortune to lure more luxury and fashion advertising. Overall, the Time Inc. title will be working with a smaller staff. It’s been reported that more than two-dozen employees were laid off.