Company poised for sustained growth in coming years
NORTH LAS VEGAS, Nev.--(BUSINESS WIRE)--
Conn's, Inc., the Houston-based furniture and specialty home goods
retailer, today celebrated the opening of its milestone 100th
store.
The new, 52,000 sq.-ft. centennial Conn's HomePlus store at 2201 Civic
Center Dr. in North Las Vegas is an example of the Company's rapid
growth to become a national retailer. In the past 18 months, Conn's has
seen a 20 percent increase in the number of stores opened. The Company
is on schedule to open between 15 and 18 stores in its current fiscal
year, which ends on January 31, 2016. Conn's plans to open as many as 25
stores in its 2017 fiscal year with potential to reach 500 locations
across the country.
Conn's HomePlus offers high-quality and affordable products,
specializing in furniture and mattresses, home appliances, consumer
electronics and home office products.
"This is a significant milestone for Conn's that underscores the hard
work and unrelenting focus on customer service that has sustained our
Company for 125 years," said Conn's Chief Executive Officer Norm Miller.
"Our continued national growth also reinforces how our exclusive,
in-house credit program serves a growing and underserved market that
needs affordable credit options in order to purchase important goods for
their home."
At the core of Conn's continued growth and success is its in-house
credit program called "YES MONEY®," which offers
consumers the chance to purchase high quality goods at low monthly
payments they can afford, even if they have been turned down elsewhere.
The ability to make aspirational items affordable has led to more than
90 percent of surveyed customers stating that they would recommend
Conn's to family and friends.
Caring About Las Vegas
To mark the 100th store milestone, Conn's executives and
local employees visited Quannah McCall Elementary School of North Las
Vegas on Thursday, Nov. 12, for a book reading party. At the event,
Conn's donated 1,000 books to students and a furniture set to serve as a
"book reading nook" for the school's library.
Conn's also presented the school with a Little
Free Library — which are small, hand-crafted community book
exchanges — that students will care for. Conn's will deploy five total
Little Free Libraries in North Las Vegas to foster the love of reading
within the community.
The event's literacy theme extends the 2015 focus of Conn's
philanthropic program, Conn's Cares, which helps improve the communities
it serves by empowering children. Conn's is donating more than $300,000
worth of new books in 2015 with its partner, First Book, a nonprofit
social enterprise that puts new books in the hands of children who need
them most.
About Conn's, Inc.
Conn's is a furniture and specialty retailer currently operating 100
retail locations in 12 states: Arizona, Colorado, Georgia,
Louisiana, Mississippi, Nevada, New Mexico, North Carolina,
Oklahoma, South Carolina, Tennessee and Texas.
Conn's primary product categories include:
-
Furniture and mattress, including furniture and related accessories
for the living room, dining room and bedroom, as well as both
traditional and specialty mattresses;
-
Home appliance, including refrigerators, freezers, washers, dryers,
dishwashers and ranges;
-
Consumer electronics, including LCD, LED, 3-D and Ultra HD, Blu-ray
players, home theater and portable audio equipment;
-
Home office, including computers, printers and accessories.
Additionally, Conn's offers a variety of products on a seasonal basis.
Unlike many of its competitors, Conn's provides flexible in-house credit
options for its customers in addition to third-party financing programs
and third-party rent-to-own payment plans. Conn's was included in
Fortune magazine's 2015 list of the fastest growing companies and was
named a 2015 Hot Retailer by the National Retail Federation.
CONN-G
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One Simple Plan
Nathan Bowie, 612-677-2250 (Direct)
612-767-2403
(Main)
nathan.bowie@onesimpleplan.com
Source: Conn's, Inc.
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