Strategy

New York -- A report by Bloomberg said that investor BlueCrest Capital Management is urging RadioShack to repay the lenders that are blocking plans to shutter stores.

The electronics retailer announced last March that it would close 1,100 stores; it later reduced the number of closures to 200 per year for three years after negotiations with lenders failed.

BlueCrest said it supported the company's decision to shut stores to stem losses and was willing to provide financing, Bloomberg said.
 

Belk president and chief merchandising officer Kathryn Bufano was named president at CEO of The Bon-Ton Stores late Thursday.

Corpus Christi, Texas -- Susser Holdings Corp. has set a date for a special meeting of its stockholders to consider and vote on the previously announced proposed acquisition of Susser Holdings by Energy Transfer Partners L.P. (ETP) and certain other matters. The special meeting will be held on Aug. 28, at Susser's corporate offices.

HH Gregg president and CEO Dennis May expected the company’s first quarter to be challenging, but he did not envision a 10.2% same store sales decline or a $10.3 million loss.

Atlanta – The Home Depot Inc. has promoted Ted Decker to executive VP of merchandising, effective Aug. 4. Decker is a 14-year veteran of The Home Depot, where he most recently served as senior VP of retail finance, pricing analytics and assortment planning.

The Bon-Ton Stores has elected Daniel T. Motulsky to its board of directors.

Motulsky was a managing director and global head of consumer & retail of Lazard from 2000 to June 2014, having joined the firm in 1998. Lazard is a global financial advisory and asset management firm that engages in investment banking, asset management and other financial services primarily with institutional clients.

Jacksonville, Fla. -- Body Central Corp. has appointed three new directors effective July 31.

Bryan Eshelman is COO of Aldo Group in Montreal; prior to Aldo, he was the executive VP and chief supply chain officer at Charming Shoppes.

Folline Cullen is a turnaround specialist with Educate Online who has overseen the Sylvan Learning spinoff; she was previously the CFO of  Wall Street International, a global brand in English instruction.

York, Pa. -- The Bon-Ton Stores, Inc. announced the appointment of Kathryn Bufano to the position of president and CEO, effective Aug. 25. Bufano has served as the president and chief merchandising officer of Belk Inc. since 2010.

Bufano replaces outgoing president and CEO Brendan Hoffman, who announced his resignation.