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H&M’s upscale COS brand opens in SoHo
New York — Swedish fashion giant H&M’s higher-end brand COS will make its New York debut on Friday, in the SoHo section of Manhattan. It’s the brand’s second U.S. store—the first, in Los Angles, opened in October.
COS, known for its clean lines and minimalist look, targets a more sophisticated customer than the more value-priced H&M. The SoHo store has a upmarket feel and gallery-like look, enhanced by the use of glass and white-washed wood.
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Best Buy says goodbye to China stores
Minneapolis – While some retailers, including Wal-Mart Stores, are ramping up their store presence in China, Best Buy Co. is pulling up stakes. The consumer electronics chain has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a China-based real estate firm.

