THE WOODLANDS, Texas--(BUSINESS WIRE)--
Conn's, Inc. (NASDAQ:CONN), a specialty retailer of home appliances,
furniture, mattresses, consumer electronics and provider of consumer
credit, today announced that on January 8, 2015, it intends to release
same store sales and 60-plus day delinquency rate statistics for the
month ended December 31, 2014. The Company expects future disclosures of
same store sales and delinquency rate data to follow the National Retail
Federation Retail Sales Reporting Calendar.
About Conn's, Inc.
Conn's is a specialty retailer currently operating retail locations in
Arizona, Colorado, Louisiana, Mississippi, Nevada, New Mexico, North
Carolina, Oklahoma, South Carolina, Tennessee and Texas. The Company's
primary product categories include:
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Furniture and mattress, including furniture and related accessories
for the living room, dining room and bedroom as well as both
traditional and specialty mattresses;
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Home appliance, including refrigerators, freezers, washers, dryers,
dishwashers and ranges;
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Consumer electronics, including LCD, LED, 3-D, Ultra HD and plasma
televisions, Blu-ray players, home theater and video game products,
digital cameras and portable audio equipment; and
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Home office, including computers, tablets, printers and accessories.
Additionally, Conn's offers a variety of products on a seasonal basis.
Unlike many of its competitors, the company provides flexible in-house
credit options for its customers, in addition to third-party financing
programs and third-party rent-to-own payment plans.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that
involve risks and uncertainties. Such forward-looking statements include
information concerning the Company's future financial performance,
business strategy, plans, goals and objectives. Statements containing
the words "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "plan," "project," "should," or the negative of such
terms or other similar expressions are generally forward-looking in
nature and not historical facts. Although we believe that the
expectations, opinions, projections, and comments reflected in these
forward-looking statements are reasonable, we can give no assurance that
such statements will prove to be correct. A wide variety of potential
risks, uncertainties, and other factors could materially affect the
Company's ability to achieve the results either expressed or implied by
the Company's forward-looking statements including, but not limited to:
whether any potential sale of or other strategic transaction by or
related to Conn's will be consummated and, if so, the timing and terms
of any such transaction, including any possible sale price; general
economic conditions impacting the customers or potential customers; the
Company's ability to continue to offer existing or new customer
financing programs; changes in the delinquency status of the Company's
credit portfolio; unfavorable developments in ongoing litigation;
increased regulatory oversight; higher than anticipated net charge-offs
in the credit portfolio; the success of the Company's planned opening of
new stores and the updating of existing stores; technological and market
developments and sales trends for the Company's major product offerings;
the Company's ability to protect against cyber-attacks or data security
breaches and to protect the integrity and security of individually
identifiable data of the customers and the Company's employees; the
Company's ability to fund its operations, capital expenditures, debt
repayment and expansion from cash flows from operations, borrowings from
the Company's revolving credit facility, and proceeds from accessing
debt or equity markets; and the other risks detailed in the Company's
SEC reports, including but not limited to, the Company's Annual Report
on Form 10-K for the Company's fiscal year ended January 31, 2014 and
the Company's Quarterly Reports on Form 10-Q. You are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Except as required by law,
the Company is not obligated to publicly release any revisions or update
to these forward-looking statements to reflect events or circumstances
after the date of this press release or to reflect the occurrence of
unanticipated events.
CONN-G
Conn's, Inc.
Investor Contact:
S.M. Berger & Company
Andrew
Berger, (216) 464-6400
Source: Conn's, Inc.
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