DDI - Conn's to Shutter Five Stores

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Conn's to Shutter Five Stores
January 23, 2012

Beaumont, Texas-based Conn's Inc. has announced plans to close five stores. The retailer—which specializes in consumer electronics, home appliances, furniture, mattresses, computers, and lawn and garden products—has identified five underperforming store locations that it will close during January 2012. The stores slated for closure are located in Edmond, Okla., Houston and San Antonio, as well as two stores in Dallas. “The closing of the five stores this month is a continuation of our previously communicated plan to evaluate our existing store base and close or relocate underperforming store," said Theodore Wright, CEO for Conn's Inc. "Additionally, we are progressing on our plans to open five to seven new stores in fiscal 2013, in areas with compelling demographic characteristics that we believe are favorable to our business model."

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