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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.
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Nordstrom acquires personalized clothing service for men
Nordstrom has entered into an agreement to acquire Trunk Club, a personalized clothing service for men.
Trunk Club delivers a stylist service that combines the convenience of online with a high-touch, personalized shopping experience. Nordstrom plans to leverage the acquisition to offer superior customer service and a seamless shopping experience.