Conn’s Grows Presence in Memphis with Second Store

Response to retailer’s value proposition spurs further investment in market

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Specialty home goods retailer Conn’s, Inc. (NASDAQ: CONN), will celebrate Independence Day with the grand opening of its second store in Memphis on Saturday, the Fourth of July, with gift card giveaways, storewide promotions and an opportunity for local customers to enter to win a $10,000 shopping spree.

Conn’s HomePlus offers high-quality and affordable products, specializing in furniture and mattresses, home appliances, consumer electronics and home office products.

The new 50,000-plus square-foot Conn’s HomePlus at 3260 Austin Peay Highway in Memphis has created 28 jobs. The new store is the fourth in Tennessee and is part of Conn’s national growth strategy of opening 15–18 stores in the 12 months beginning in February 2015. The Company has plans to open one more store in Tennessee this September that will deliver another 20+ jobs. The Company currently has more than 90 stores in 12 states.

“Opening our second store in Memphis reflects the positive reception we’ve received in the city and we are excited to deepen our roots in this great community,” said David Trahan, President of Conn’s Retail Division.

The core of Conn’s continued growth and success is its in-house credit program called “YES MONEY®,” which offers consumers the chance to purchase high quality goods at low monthly payments they can afford, even if they have been turned down elsewhere. The ability to make aspirational items affordable has led to more than 90 percent of surveyed customers stating that they would recommend Conn’s to family and friends.

“We take great pride in our YES MONEY® program to make high-quality products affordable to hardworking consumers,” said Trahan. “This program, coupled with our satisfying shopping experience, brings back customers time and again,” says Trahan.

The other Memphis Conn’s HomePlus is located at 3525 Riverdale Road.

Customers can enter to win the $10,000 shopping spree at both Memphis Conn’s locations now through October 30.

Deepening Community Connection Through Conn’s Cares

The Company has further established its connection to Memphis and other communities it serves through Conn’s Cares, the philanthropic program the Company launched earlier this year. Conn’s will donate more than $300,000 worth of books to deserving children through the initiative in 2015. Earlier this year in Memphis, Conn’s donated 1,000 new books to Belle Forest Community School through its partnership with nonprofit partner First Book.

About Conn’s, Inc.

Conn's is a specialty retailer currently operating more than 90 retail locations in 12 states: Arizona, Colorado, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. The company's primary product categories include:

• Furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom, as well as both traditional and specialty mattresses;
• Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges;
• Consumer electronics, including LCD, LED, 3-D and Ultra HD, Blu-ray players, home theater and portable audio equipment;
• Home office, including computers, printers and accessories.

Additionally, Conn's offers a variety of products on a seasonal basis. Unlike many of its competitors, Conn's provides flexible in-house credit options for its customers in addition to third-party financing programs and third-party rent-to-own payment plans.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150703005265/en/

Conn’s, Inc.
Lee Jones, 612-677-2242
[email protected]

Source: Conn’s, Inc.

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