Conn’s Reports Another Month of Double-Digit Same-Store CE Sales Declines
April sales at Conn’s jumped 6.2 percent to $105.4 million, the retailer said in a Thursday announcement. But CE same-store sales fell 15 percent for the month and 14.2 percent for the three months ended April 30, Conn’s said. In…
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March, the CE same-store sales decline at Conn’s was 22.5 percent (see 1604070045). Overall April same-store sales growth was flat, excluding the impact of the chain’s April 2015 decision to exit videogames, digital cameras and certain models of tablets, CEO Norm Miller said in a statement. With those categories factored out, same-store CE sales were down 10.1 percent in April “on softer vendor promotions” compared with April 2015, but home office same-store sales were up 10.8 percent on strong sales of office furniture and computers, Conn’s said.