Conn’s beat an analyst estimate on fourth-quarter loss but fell short of an estimate on revenues. Net income was $43.3 million, or $1.75 per diluted share, versus a net loss of $42.8 million, or $1.79 per diluted share, in the year-prior quarter. Adjusted for one-time...
Shein has struck a deal with Sparc Group Holding, a collaboration between JCPenney owner Simon Property and the Authentic Brands Group, in which it will acquire a one-third interest in Sparc, which itself takes a minority interest in Shein. Sparc includes a number of...
The Container Store Group reported it has expanded and extended its consumer financing partnership with Synchrony. The consumer financial services provider inked a multi-year agreement that builds on its relationship with the retailer and covers initiatives in the...
As it continues growing in the state, Conn’s HomePlus adds three new Georgia locations, all in metro Atlanta. The stores will open in the communities of Newnan, Stone Mountain and Douglasville. The latest Georgia openings bring Conn’s store total to six in the...
Rite Aid Chief Retail Officer Andre Persaud has left the company in an additional high-level executive departure following a tough third quarter. Although it is not providing much in the way of details, Rite Aid issued a statement that said Persaud “is no longer with...
