Profile: Conn's Inc (CONN.OQ)
17 Jan 2017
Conn's, Inc. (Conn's), incorporated on January 15, 2003, is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. Its product offerings include furniture and mattresses, home appliances, consumer electronics and home office products. Its credit offering provides financing solutions to credit constrained consumers having limited banking options. It operates in approximately nine regional distribution centers located in Houston, San Antonio, Dallas, Beaumont, El Paso and McAllen, Texas; Phoenix, Arizona; Denver, Colorado and Charlotte, North Carolina; over 10 smaller cross-dock facilities, and approximately 20 stores with cross-dock facilities. The Company operates its business through its retail stores and Website.
The Company operates approximately 100 retail stores located in over 10 states. Its primary retail 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, and offers such brands as Franklin, Catnapper, Serta, Sealy and Tempur-Pedic; Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges, and offers such brands as Samsung, LG, General Electric and Frigidaire; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, Blu-ray players, home theater and portable audio equipment, and offers such brands as Samsung, LG, Sharp, Sony, Haier, Monster, Sanus and Bose, and Home office, including computers, printers and accessories, and offers such brands as HP, Samsung, LG and Dell. Its retail stores operate under the Conn's (Conn's HomePlus) name with all of its stores providing products and services to a common customer group.
The Company's credit segment provides short- and medium-term financing for its retail customers. The Company makes various payment options available to its customers based on a review of their credit worthiness, including for customers with credit scores that are approximately 650, it offers special low or no-interest financing program on select products through a Conn's branded revolving credit card from Synchrony Bank or it may offer an in-house financing program; for customers with credit scores that are between 550 and 650, it offers in-house financing program, which is a fixed term and fixed payment installment contract, and for customers that do not qualify for its credit programs, it offers a rent-to-own payment option through AcceptanceNow.
The Company competes with Sears, Wal-Mart, Target, Sam's Club, Costco, Best Buy, Rooms To Go, hhgregg, Mattress Firm, Lowe's, Home Depot, Aaron's and Rent-A-Center.
4055 Technology Forest Blvd Ste
THE WOODLANDS TX 77381-2008