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Holiday sales jump 5.2% at Belk
Strong e-commerce growth and omnichannel contributed to a healthy holiday shopping sales season at Belk.
The nation’s largest family owned and operated fashion department store company reported a 5.2% increase in sales for the nine-week period ending Jan. 3. Same store sales for the same period increased by 4.8%.
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RadioShack offered $500 million loan from Salus Capital
New York -- RadioShack could receive another dose of life support. According to a report by the Wall Street Journal, Salus Capital Partners has offered to provide $500 million to RadioShack Corp. in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy.