Company Profile for Conn's, Inc.We are a specialty retailer of home appliances and consumer electronics currently operating 50 retail locations in the southwestern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . We sell major home appliances including refrigerators, freezers, washers, dryers and ranges and a variety of consumer electronics, including projection, plasma, LCD and DLP (Digital Light Processing) A data projection technology from TI that produces clear, readable images on screens in lit rooms. DLP is used in all types of projection devices, from data projectors that weigh only a few pounds to large rear-projection TVs to electronic televisions, camcorders, DVD players A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. and home theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. products. We also sell home office equipment, lawn and garden products and mattresses, and we continue to introduce additional product categories for the home to help increase same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of and to respond to our customers' needs. We offer over 1,100 product items, or SKU's, at good-better-best price points representing such national brands as General Electric, Whirlpool, Frigidaire, Mitsubishi, Sony, Panasonic, Thomson Consumer Electronics, Serta, Hewlett Packard and Compaq. We are known for providing excellent customer service, and we believe that our customer-focused business strategies make us an attractive alternative to appliance and electronics superstores, department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. and other national, regional and local retailers. We believe these strategies drive repeat purchases and enable us to generate substantial brand name recognition and customer loyalty. Unlike many of our competitors, we provide flexible in-house credit options for our customers. For the past three years, we have financed on average over 56% of retail sales. Customer receivables are financed substantially through an asset-backed securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. facility, from which we transfer receivables, consisting of retail installment contracts installment contract n. an agreement in which payments of money, delivery of goods or performance of services are to be made in a series of payments, deliveries or performances, usually on specific dates or upon certain happenings. and revolving accounts extended to our customers, to a qualifying special purpose entity, or the issuer, in exchange for cash and subordinated securities represented by asset-backed and variable funding notes issued to third parties.
Company: Conn's, Inc.
Headquarters Address: 3295 College Street
Beaumont, Texas 77701
Main Telephone: 409-832-1696
Website: conns.com
Ticker: CONN(NASDAQ)
Type of Organization: Public
Industry: Retail
Earnings Release Dates: 1st Quarter: March 31, 2005
2nd Quarter: May 31, 2005
3rd Quarter: August 30, 2005
4th Quarter: December 1, 2005
Key Executives: CEO: Thomas Frank
COO: William Nylin
CFO: David Rogers
Investor Relations
Contact: Thomas Frank
Phone: 409-832-1696
Email: investor.relations@conns.com
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