Retailing
Conn’s x Belk Store-Within-A-Store Pilot Concept Opens In Five Belk Locations
Gives Belk customers access to Conn’s name brand assortment of home products, next-day delivery
conn’s
Retailing
Conn’s, Inc., Belk Announce Strategic Partnership
To pilot store-within-a-store concept at 10 to 20 Belk locations and online at Belk.com later this year
Retail
Conn’s Opening 2nd Alabama Store
The new Montgomery showroom will bring the store count to 125.
Industry
Jeff Unterreiner To Head Assurant’s U.S. Connected Living Biz
Promoted to new post as U.S. biz booms
Retail
Conn’s Back In The Black
The big-box chain just posted its fourth consecutive profitable quarter.
Keeping Current
Conn’s Back From The Brink
After years of losses triggered by consumer credit defaults, Conn’s, the 116-store furniture, appliance and CE chain, is back in the saddle, two Oppenheimer analysts...
news
Retailers Weather Hurricane Season With Replacement Sales
It may be small comfort to the tens of thousands of displaced families, but if there’s a silver lining to this year’s exceptionally harrowing...
news
Conn’s Reopens 23 Stores Closed By Hurricane Harvey
Texas-based Conn’s is getting back to business in the wake of Hurricane Harvey, which ravaged the state’s coastal communities last month. The CE, appliance...
news
Conn’s Turning A Corner Amid Dour First Quarter
Multiregional furniture, appliance and electronics chain Conn’s posted a net loss and a double-digit sales decline for its fiscal first quarter. The latter reflected...
news
Conn’s Cites Steady Progress In Credit Biz Turnaround
Conn’s said its year-long focus on creating a “strong credit platform” for its in-house lending unit is beginning to show results. The effort, which toppled...
Financial
Conn’s Q3 Losses Widen
Stricter underwriting standards, which were implemented to steady Conn’s in-house credit business, took a toll on sales and earnings during the retail chain’s third...
Financial
Accounting Changes Pound Conn’s Q2 Profits
A series of accounting changes related to Conn’s troubled in-house credit operation contributed to a net loss of nearly $12 million in the company’s...
Keeping Current
Conn’s Enters Alabama
Conn’s, the multiregional furniture, bedding, appliance and electronics chain, continued its Colorado-to-the-Carolinas expansion with the opening of its first store in Alabama. “A retailer...
news
Conn’s Metrics Worsened In May
The momentum from Conn’s mixed first-quarter results carried into May. According to the company’s monthly performance update — a practice it ended with the...
Financial
Conn’s Credit Biz Takes First-Quarter Toll
Continuing challenges within its in-house credit unit led Conn’s into the red last quarter. This morning the company reported a net loss of $9.7...
Financial
Conn’s April Sales Up 6%
Conn’s, the 100-plus showroom furniture, bedding, appliance and CE chain, reported higher sales and lower credit delinquencies in April. Total net sales rose 6.2...
Financial
Conn’s Q4 Profits Crumble On Credit Segment Losses
Conn’s said rapid expansion and lagging infrastructure contributed to a 93 percent drop in fourth-quarter profits. Net income for the three months, ended Jan....
news
CE Weighs On Conn’s Feb. Comps
The CE and IT categories continue to be a drag on comp sales at Conn’s, the multiregional furniture, majap and electronics chain. The Texas-based...
Financial
Conn’s Comps Slip In January
A late Super Bowl and last year’s exit from gaming, imaging and select tablets led to a 2.3 percent decline in January comp sales at...
news
Holiday Promos Hurt Sales At hhgregg, Conn’s
Fierce holiday discounting and month-long “Black November” promotions took a toll on two of the industry’s largest multiregional big-box chains. hhgregg president/CEO Dennis May...
Financial
Conn’s Q3 Sales And Comps Increase
Double-digit volume gains for furniture and mattresses helped drive net and comp sales in Conn’s third quarter. The multiregional furniture, CE and majap chain...
news
Conn’s Reaches Major Milestone
Conn’s, the Houston-based furniture and specialty home goods retailer, opened its 100th store yesterday. The milestone was reached in Las Vegas, where the multiregional chain...
Financial
Furniture And Bedding Boost Conn’s October Comps
Furniture and mattresses proved to be a same-store-sales salvation for Conn’s last month. The combined category, up 9.7 percent, saved the company’s October comps...
Financial
Delinquency Creep Continues At Conn’s
Conn’s in-house financing business continues to be a pain-point for the multiregional retailer. Despite solid sales in September, the 60-plus-day delinquency rate for customer...
Financial
Conn’s Reports Higher Sales, Lower Profits In Q2
Conn’s ailing consumer finance unit remained a drag on profits in its second fiscal quarter amid robust retail sales. Consolidated revenues rose 12.2 percent...
news
Conn’s Names Norman Miller CEO, Sells Off Consumer Debt
In a series of strategic moves designed to shore up its ailing consumer finance business and restore investor confidence, Conn’s has changed chief executives,...
news
Conn’s Grand-Opens Third South Carolina Store
Conn’s extended its Carolina toehold today with the formal opening of its third HomePlus store in The Palmetto State. The new 38,700-square-foot showroom is...
news
Why Conn’s Likes The Carolinas
In the past couple of years Texas-based Conn’s has extended its reach as far north as Colorado and as far east as the Carolinas in...
Financial
Conn’s, hhgregg Paint Tale Of Two Cities
New York — First-quarter financial results from two multiregional CE and appliance chains this morning provide starkly different snapshots of the marketplace. For Texas-based...
news
Conn’s Reports Mixed June Results, Names New CFO
The Woodlands, Texas — Conn’s reported flattish comp sales and creeping consumer credit delinquency rates for June. The multiregional mattress, furniture, majaps and CE...
news
Conn’s Celebrates July 4 With Two New Charlotte-Area Stores
Charlotte, N.C. — Conn’s has big plans for the Tar Heel State. The multiregional furniture, appliance and CE chain has formally opened its second and...
news
Conn’s Opens 4th Tennessee Store
Memphis, Tenn. – Conn’s, the Texas-based multiregional chain, has opened it fourth HomePlus superstore in Tennessee. The 50,000-square-foot furniture, appliance and CE showroom is...
Financial
Conn’s Q1 Sales Up 6.6%
The Woodlands, Texas – Conn’s reported a 6.6 percent increase in first-quarter net retail sales, to $296 million. But the lingering inventory constraints from...
Financial
Conn’s Comps Continue Stumble
The Woodlands, Texas — Reduced inventory stemming from the West Coast port labor disruption negatively impacted Conn’s same-store sales in March, while CE sales...
Financial
Conn’s Q4 Profits Fall 44%
The Woodlands, Texas – Conn’s fourth-quarter profits fell 44 percent to $15.5 million as operating losses widened within its credit segment. But total revenue...
Financial
Conn’s Comps Hit Snag
The Woodlands, Texas — Severe winter weather, tighter consumer credit, tough prior-year comparisons and the West Coast port disruptions took a toll on Conn’s...
Financial
Conn’s Says Delinquencies Down, Sales Up
The Woodlands, Texas — Multiregional furniture, majap and CE chain Conn’s appears to have turned a corner in its efforts to stem losses from...
Financial
Conn’s Sales Up 12% In December
The Woodlands, Texas — Conn’s reported an 11.5 percent increase in total retail net sales in December, to $132.4 million, but comp store sales...
Financial
Conn’s Reports Q3 Loss; Management Changes Afoot
The Woodlands, Texas — Greater provisions for rising credit delinquencies offset double-digit sales gains to push Conn’s into the red last quarter. The loss...