OPERATIONS

Belk promotes David Zant to president and chief merchandising officer

BY Katherine Boccaccio

Charlotte, N.C. — Following the resignation of president and chief merchandising officer Kathryn Bufano to take the CEO slot at Bon-Ton, Belk has promoted David Zant as its replacement, effective Aug. 11.

Zant, who will report to Tim Belk, chairman and CEO, has served as Belk’s executive VP and general merchandising manager of men’s, home and kids since 2008.

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FINANCE

RadioShack investor urges lender repayment, says it will help

BY Katherine Boccaccio

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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OPERATIONS

Body Central Corp. names three directors

BY Katherine Boccaccio

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.

Ben Rosenfeld is VP Store Operations, Retail and Outlet at Kenneth Cole Productions. He has held management positions at Lacoste, Charlotte Russe and Express.

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