DJ’s private equity owner has appointed Erica Berchtold to run the struggling 188-year-old department store. Its precarious financial position can be worked through, she says.

The loss-making retail giant will make the change as early as Monday after its private equity owner negotiated a loan package to keep the business afloat.

DJ’s private equity owner has appointed Erica Berchtold to run the struggling 188-year-old department store. Its precarious financial position can be worked through, she says.