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Conn's names new CEO, sells off bad debt
Conn’s is selling off much of its consumer debt and appointing a new CEO as the specialty retailer looks reposition its business.
In a series of strategic moves designed to shore up its ailing consumer finance business and restore investor confidence, Conn’s has named Norman Miller as its new CEO, entered into an agreement to securitize $1.4 billion of retail installment contract receivables, and received board authorization to repurchase up to $75 million of securities, and termination of the stockholders’ rights plan.
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H&M’s upscale brand poised for U.S. expansion
New York -- Fast-fashion giant H&M is expanding its upscale store brand, Cos, in the United States.
Cos, known for its minimalist-styled fashions, will open its first store in Boston, on Newbury Street on Sept. 25. The new space, the brand’s third location in the United States, will offer womenswear and menswear collections with 2,960 sq. ft. of sales area, spread across two floors.

