Tuesday, September 28, 2021
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Conn’s says it may sell itself

🕐 1 min read

 

THE WOODLANDS, Texas (AP) — Conn’s Inc. said Monday that it is considering selling the appliance and home furnishings company as it explores strategic alternatives to boost shareholder value.

Other options include separating its retail and credit business or slowing store openings, the retailer said.

Conn’s, based in The Woodlands, Texas, sells couches, TVs, refrigerators and other items at its 86 stores around the country. It also provides credit to customers who need it to purchase items.

Shares of Conn’s jumped $1.06, or 3.2 percent, to $34 in morning trading Monday. As of Friday’s closing price, its shares are down 41 percent from a year ago.

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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