Mass Merchant

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.
 

Meijer is generating traffic to its stores with weekly promotions and price drops on more than 300 of back-to-school items, which it plans to continue offering into September. In the past few weeks alone, customer traffic has consistently doubled, according to the retailer.

Brian Cornell’s tenure as Target’s chairman and CEO begins on August 12. Don’t expect it to last long if his track record at other recent employers is any indication.
 
Cornell brings to Target an impressive roster of C-level positions at big name companies — PepsiCo, Sam’s Club, Michael’s, Safeway — but the 55-year-old executive didn’t stick around for long at any of them.
 

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.

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

Just how often does Amazon change prices throughout the day? And when do other leading retailers adjust their prices? Price intelligence and optimization leader 360pi is out with a new report that answers those questions and sheds lights on some surprising pricing tactics at top retailers.

The report, titled “When Should You Change Your Prices,” explores the phenomenon of pricing dynamism at leading retailers and assesses its effectiveness. What 360pi discovered is that the level of price dynamism can vary dramatically across retailers.