Corporate Governance

New York -- RadioShack could receive another dose of life support. According to a report by the Wall Street Journal, Salus Capital Partners has offered to provide $500 million to RadioShack Corp. in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy.

Dallas -- Corner Bakery Café has named Salil Bapat as CFO, effective immediately. Bapat previously was CFO for YUM Brands' Latin America and Caribbean region.

The Fresh Market is heading into the new year with fresh leadership changes at the top.

The specialty grocery retailer announced that Craig Carlk, president and CEO, and a member of the board of directors, has left the company and has resigned as a member of the board.

The board has appointed Sean Crane, executive VP and COO, as interim CEO while the company evaluates candidates to replace Carlock.

Los Angeles -- Millennial fashion authority and online retailer Nasty Gal has tapped Sheree Waterson has CEO, effective immediately. Waterson, promoted from her position as president and chief product officer, which she has held since early 2014, previously was lululemon athletica’s executive VP and chief product officer.

Founder Sophia Amoruso will continue as executive chairman to oversee creative and brand marketing functions.

WILLIAMSVILLE, N.Y. — Tops Friendly Markets, a grocer in upstate New York, northern Pennsylvania and western Vermont, is closing pharmacy departments in 27 of its 162 locations this month and transferring pharmacy prescriptions and inventory to five CVS/Pharmacy and 22 Rite Aid locations near each affected store.

Fred's Super Dollar has turned to a former Family Dollar and CVS executive to become its next president and chief operating officer.

Michael Bloom brings to Fred's more than 30 years of experience in small-box general merchandising, supply chain management and store operations, the company said. Most recently, he served as the president and COO of Family Dollar Stores. 

Another retailer is looking to leverage technology to create an omnichannel experience for its customers.

Footwear retailer and manufacturer Aerosoles has teamed with Digital Management Inc. (DMI) to  deploy an advanced, feature-rich e-commerce website with responsive web design for mobile optimization.

Strong e-commerce growth and omnichannel contributed to a healthy holiday shopping sales season at Belk.

The nation’s largest family owned and operated fashion department store company reported a 5.2% increase in sales for the nine-week period ending Jan. 3. Same store sales for the same period increased by 4.8%.

Whole Foods Market plans to cater to the health-focused community of obstacle racers with a new omnichannel partnership.

The natural and organic foods supermarket will connect with consumers via Spartan Race’s “Food of the Day” platform, beginning in 2015. Spartan Race is an obstacle racing company that facilitated over 130 races in 17 countries last year.

Walgreens is launching a new national campaign highlighting how people are aging well beyond their HIV diagnosis.

The centerpiece of the campaign is a traveling art exhibit, curated in collaboration with the Graying of AIDS, an independent documentary project and educational campaign.

The exhibit provides a glimpse into the lives of older adults living with HIV and will make its first stop in Miami on Jan. 17.