REAL ESTATE

Conn’s opens HomePlus stores in Arizona, Texas

BY Dan Berthiaume

The Woodlands, Texas — Conn’s has opened two new HomePlus stores in Scottsdale, Ariz., and Laredo, Texas. The new Conn’s HomePlus store format showcases furniture and mattresses in addition to consumer electronics and home appliances.

Conn’s currently operates more than 70 retail locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico.

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FINANCE

Report: Jones Group sets Dec. 1 buyout deadline

BY Dan Berthiaume

New York – The Jones Group has reportedly set Dec. 1 as a final deadline for a buyout bid from Sycamore Partners. According to Women’s Wear Daily, with the assistance of Citi Jones Group has gone through an extensive auction process which at times included KKR & Co. and G-III Apparel Group Ltd.

Sycamore initially expressed interest for Jones Group’s apparel business and then considered buying its footwear business before deciding to consider purchasing the whole company once G-III announced it was no longer interested in making a bid. Sycamore owns other retail chains including Talbots and Hot Topic.

Jones Group declined comment in the article.

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OPERATIONS

Staples launches Staples Connect

BY Dan Berthiaume

Framingham, Mass. — Staples officially launches Staples Connect, an offering that lets customers’ home or office technology interact and be controlled by a single app. With the touch of a button, in-store and online Nov. 27, Staples Connect lets customers shut down their office, turning off lights, lowering shades and locking doors, while at the same time turning on their lights and heat at home.

Staples Connect consists of a multi-platform app and universal hub that allow a multitude of devices to talk to each other. The Staples Connect Hub, powered by Linksys, is available online and in a limited number of Staples stores for $99. Staples Connect uses a platform developed by Zonoff Inc., which features a free, single app. Installation will be available through Staples EasyConnect and can also be performed by customers.

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