More Trouble for Teen Retailers? New Stores Threaten Sales

The pressure is on for apparel retailers, as two new competitors are planning their entry into the U.S. discount space. Swedish fast-fashion retailer H&M said on Thursday it will bring two of its secondary retail brands, & Other Stories and COS, to the U.S. this year. Last week, General Growth Properties CEO Sandeep Mathrani told CNBC the retailer was looking to bring these concepts to the U.S. The higher-priced COS brand will open two domestic locations, in