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Conn’s loses $3.4 million in Q4, partly due to store closings
Beaumont, Texas -- Conn's said Thursday that it lost $3.4 million in its fiscal fourth quarter, reflecting charges tied to planned store closings and other items.
Conn's, which sells consumer electronics, home appliances, furniture, mattresses and lawn and garden products, operates 76 stores in Texas, Louisiana and Oklahoma. It plans to close five underperforming stores and let the leases expire for two additional locations.
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Edens & Avant announces new hires
Columbia, S.C. -- Edens & Avant announced it has appointed Peter Melmed as VP construction and development.
Melmed will be based in Bethesda, Md., and will oversee the construction of large-scale development and redevelopments throughout the Edens & Avant portfolio.
Prior to joining Edens & Avant, Melmed was a real estate consultant at PJM Realty.