Conn's December Sales Up 15%
By Alan Wolf -- TWICE, 1/5/2009
Beaumont, Texas — Bucking the otherwise dismal holiday selling season, Conn’s reported a 15 percent increase in sales of products and extended warranties in December.
The gain, based on preliminary estimates, resulted in the largest monthly sales volume in the company's history.
Same-store sales were up 5 percent for the multiregional CE and majap dealer on strong growth in electronics, furniture and appliances. Sales of appliances were essentially flat.
The December increases follow a previously reported 23 percent spike in November net sales and a same-store gain of 12 percent.
The NATM dealer does not typically report monthly sales results, but said it released the preliminary sales figures “due to the continuing turmoil in the economy in general and specifically in light of current retail market conditions.”
Other publicly traded retail chains, including Best Buy, are expected to report their results later this week.
Conn's currently operates 76 stores in Texas, Louisiana and Oklahoma.
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