Finance & Capital Management

Kohl’s has donated more than $2.1 million over three years to Susan G. Komen Southeast Wisconsin as part of its efforts to support families in the retailer’s hometown.

The president of Saks Fifth Avenue has resigned after 15 months at the department store chain’s helm.

Saks parent company Hudson’s Bay Company announced that company veteran Marc Metrick, 41, has replaced Marigay McKee as president of Saks Fifth Avenue.

New York -- Joe Magnacca has stepped down as CEO of RadioShack. Magnacca made the announcement on Wednesday in an internal memo to employees, according to the Dallas Business Journal. It came a day after Standard General was given the green light by a bankruptcy court judge to acquire RadioShack’s assets.

New York -- A former executive of Dell Inc. has been tapped as the new CEO of RadioShack. Standard General, the hedge fund that bought 1,743 of the chain’s stores in bankruptcy court proceedings, has appointed Ron Garriques as the new head of RadioShack.

Garriques headed Dell's consumer and communications divisions and previously worked at Motorola Inc. He replaces Joseph Magnacco, who resigned Wednesday after two years as CEO.

Liquidation leaders in merger deal Retailers looking to realize maximum value when they close stores or liquidated inventory have a new ally following the merger of two industry leaders.

Gordon Brothers Group and AccuVal-LiquiTec announced that Gordon Brothers Group’s Valuation & Advisory Services Division and AccuVal-LiquiTec have entered into a merger to form Gordon Brothers-AccuVal.

The newly formed group will operate as a wholly owned subsidiary of Gordon Brothers Group, already one the world’s leading disposition and appraisal firms.

Grand Rapids. Mich. - Meijer will invest nearly $50 million in extensive remodel projects for four supercenters located in Kettering, Miami Township, Englewood and Beavercreek, Ohio.  

Stoughton, Mass. -- Ikea has gone live with the expanded solar energy array atop its store that opened nine years ago in Stoughton, Massachusetts. The 51,516-sq.-ft. solar panel addition consists of a 318-kW system built with 1,248 panels, and will produce 385,900 kWh more of electricity annually for the store. It sits atop a 58,575-sq.-ft. store extension completed last summer.

Belk Inc. has hired Goldman Sachs to explore its strategic options, including the possibility of a sale that could value the family owned department store chain at as much as $4 billion, Reuters reports.

In response to the Reuters report, Belk issued a response saying that it had hired Goldman Sachs to help it explore all options for its future. Belk added that it expects to conclude its analysis in the next several months.

Belk operates about 300 stores in 16 Southern states.