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From Home Furnishing Business

Conn’s Posts $137.5M Sales in December

Furniture, mattress and appliances retailers Conn’s (NASDAQ: CONN) reported $137.5 million in retail sales for the month ended Dec. 31, a 2.5 percent increase compared to the same month last year.

“Greater than 60-day delinquency was 9.9 percent as of Dec. 31, 2015, compared to 9.7 percent as of Dec. 31, 2014,” Norm Miller, CEO and president. “The delinquency rate decreased 20 basis points from Nov. 30, 2015 to Dec. 31, 2015. Delinquency rates were negatively affected by slowing portfolio growth year-over-year.”

Furniture and mattress sales were a bright spot for the retailer with same-store unit sales in the categories.

Conn’s expects to release January sales data Feb. 9.



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