Daily News
From Home Furnishing Business
Conn’s, Inc. Releases Financial Results for the Quarter
December 19,
2023 by HFBusiness Staff in Business Strategy, Industry 
Conn’s, Inc., a specialty retailer of home goods, including furniture and mattresses, appliances, and consumer electronics, today announced its financial results for the quarter ended Oct 31.
“We remain focused on pursuing strategic priorities aimed at turning around our retail performance and better serving our core credit constrained customers,” stated Norm Miller, president and chief executive officer.
“I am pleased with the progress we made during the third quarter as we experienced strong year-over-year growth in credit applications and eCommerce sales. Despite the progress we are making, our third-quarter performance continued to reflect persistent industry headwinds and challenging economic conditions.”
“Today we also announced the transaction with W.S. Badcock LLC (“Badcock”), a leading home furnishings company in the Southeast U.S. The transaction with Badcock combines two complementary 120+ year old businesses, with similar product categories, payment solutions and customer profiles.”
“In addition, the transaction immediately strengthens Conn’s financial position by creating a leading home goods retailer with approximately $1.85 billion in retail sales across strong urban and rural markets in the southern U.S. The Badcock transaction represents one of the most significant events in Conn’s history, which we believe creates a clear path for Conn’s to deliver strong financial returns over the coming years,” concluded Mr. Miller.