Mass Merchant

Minneapolis -- Christopher & Banks Corp. announced Monday that it has named Larry Barenbaum as president and CEO, effective immediately.

Barenbaum has served as Interim CEO since October 19, 2010.

Target remains aggressive in its marketing efforts to educate shoppers about the 5% REDcard, and this week ran a spread ad in its weekly circular. The ad is compelling with  distinctive red dots in offset type calling out “5% off” and educating consumers about the program’s design in a way that can’t be matched by extensive in store signage dedicated to the program.

Houston -- Stage Stores said Monday that Oded Shein has joined the company as executive VP and CFO.

Shein succeeds Edward Record, who was appointed COO in February 2010, but retained the CFO responsibilities while the search for his replacement was underway.

Shein will report to Record and will oversee the company’s accounting, internal and external financial reporting, tax, investor relations, financial planning and analysis, loss prevention, and treasury operations.

Trends in Target’s credit business continue to improve and delinquency rates in the portfolio are now at their lowest level in several years. Accounts 60 days past due in December represented 4.2% of the receivables portfolio, compared with 4.6% in November, and hit their lowest level since April 2008. The same was true of the 90-day delinquency rate where accounts 90 days past due in December accounted for 3.1% of the portfolio, compared with 3.3% in November, and hit their lowest level since July 2008.

Everything you ever wanted to know about Target -- or at least what the company was willing to share with CNBC camera crews -- will be available for viewing in a few days. The financial network is set to air the one hour show, “Target: Inside the Bullseye,” on Jan. 13 at 9 p.m. EST and again at 10 p.m., 12 a.m. and 1 a.m. The program will also re-air on Jan. 15 at 8 p.m. and 11 p.m.

Can’t wait until Thursday to watch the show? Here’s a few clips:

Minneapolis -- Best Buy Co.’s December same-store sales fell 4% as softness continued in its sales of televisions and entertainment software.

The retailer, which also reaffirmed its 2011 profit outlook, said on Friday that same-store sales in its domestic segment fell 5% and 0.1% internationally.

Overall sales in the month slipped 1.6% to $8.4 billion.

Philadelphia -- Teen value retailer Five Below said that the company is launching a major expansion into Chicago, with the signing of 12 store leases.

The new stores, which are planned to open in the spring, are the first of up to 20 new stores that will open in the Chicago market this year, according to the company.

Over the next three to five years, Five Below anticipates expanding its foothold in Chicagoland and increasing the number of stores in the region to as many as 60 locations.

Vernon Hills, Ill. -- Beachwood, Ohio-based Chase Properties announced that Hawthorn Hills Square in Vernon Hills, Ill., is being redeveloped to coincide with the opening of Dick's Sporting Goods (December 2010) and PetSmart and Five Below that are expected to open in the spring. Additionally, Noodles will be opening a new freestanding restaurant at the center in the fall.