Department Store

Fort Worth, Texas – Analyst firm Wedbush Securities is reportedly advising clients that a bankruptcy is “imminent” at RadioShack. According to Barron’s, Wedbush has lowered its target price for RadioShack to $0, citing concerns including inability to secure lender approval for 1,100 proposed store closings and general weakness in the consumer electronics sector.

Chesapeake, Va. -- Dollar Tree Inc. and Family Dollar Stores Inc. announced, as expected, they have received a second request for information from the U.S. Federal Trade Commission in connection with Dollar Tree's pending $8.5 billion deal to acquire Family Dollar.

Mahwah, N.J. - Ernest LaPorte has joined Ascena Retail Group Inc. as senior VP/chief accounting officer. LaPorte will oversee Ascena’s accounting, financial reporting and accounting shared service functions.

For the last seven years, LaPorte held the position of senior VP/controller at Saks Inc. Prior to Saks, LaPorte worked at the Movado Group Inc. as VP of finance and principal accounting officer and Barnes & Noble, where he spent six years in finance.

Secaucus, N.J. -- The Children's Place announced the appointment of Robert Vill as group VP, finance, effective Sept. 8. He will report to Michael Scarpa, COO and CFO.

The Children's Place has appointed Robert Vill as group VP of finance. He will report to Michael Scarpa, chief operating officer and CFO.

"Bob brings to The Children's Place a wealth of financial expertise in the areas of corporate finance, treasury and investor relations," Scarpa said. "I am very pleased to welcome him to our team."

Saks Fifth Avenue is launching a new user-generated content hub on its e-commerce site. Called #SaksStyle and based on the Curalate Fanreel image integration platform, #SaksStyle allows customers to display photos from Instagram, Twitter, Facebook and Tumblr in a social shopping environment.

Here are three reasons to like (and very possibly emulate) what Saks is doing with its latest social venture.

New York - Tiffany & Co. has named Jill Beraud as an executive VP, effective Oct. 13. Beraud will have responsibility for global retail operations including all sales channels in every region, as well as oversight of strategic store development and real estate.

Beraud, 54, joins Tiffany from salon product manufacturer Living Proof where she has been CEO since 2011. Prior to that, her experience includes senior-level executive and marketing roles at PepsiCo Inc., L Brands, Inc. and The Procter & Gamble Co., among others.

Casual apparel brand U.S. Polo Assn. has opened its first location in Brooklyn, in the vicinity of the Barclays Arena.

Designed by Montroy Andersen DeMarco (MADGI), New York, the 2,800-sq.-ft. space has a clean, modern feel and includes  the brand’s signature ‘flag wall’ fashioned out of folded T-shirts,  a jeans island and a T-shirt island, and a 12-ft.-long cash wrap counter