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Belk promotes David Zant to president and chief merchandising officer
Charlotte, N.C. -- Following the resignation of president and chief merchandising officer Kathryn Bufano to take the CEO slot at Bon-Ton, Belk has promoted David Zant as its replacement, effective Aug. 11.
Zant, who will report to Tim Belk, chairman and CEO, has served as Belk’s executive VP and general merchandising manager of men’s, home and kids since 2008. -
RadioShack investor urges lender repayment, says it will help
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.
