FINANCE

Conn’s Posts Strong Quarter

BY CSA STAFF

Beaumont, Texas, Conn’s Inc. reported a 44.6% jump in net income to $9.1 million in the third quarter. The improvement was supported by 30.4% sales growth to $173.3 million, and comps growth of 23.3%.

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Factory Card CFO Departs

BY CSA STAFF

Naperville, Ill., Factory Card & Party Outlet Corp. said its executive VP, CFO and chief administrative officer James D. Constantine is leaving the company to pursue other interests.

The retailer also announced the promotion of controller Jarett A. Misch to VP, controller and chief accounting officer, and the promotion of treasurer Timothy J. Benson to VP and treasurer.

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Casual Corner to Close All 525 Stores

BY CSA STAFF

Enfield, Conn., Casual Corner Group will close or sell all 525 of its stores in 42 states and Puerto Rico. The Casual Corner, Casual Corner Annex and Petite Sophisticate stores will begin closing sales on Friday, the company said in a news release. “However, we continue to examine the long-term strategic options for the Casual Corner Group stores, including the search for investors interested in continuing the Casual Corner/Petite Sophisticate brands and operations,” said Malcolm Sherman, the company’s chief executive officer. The company was founded in 1950 in West Hartford, Conn.

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