Conn's, Inc. Reports Status of Bus. after Hurricane Harvey & Announces $200,000 Donation Matching Program to Support Affected...
September 01 2017 - 10:15AM
Business Wire
Conn's, Inc. (NASDAQ:CONN), a specialty retailer of furniture
and mattresses, home appliances, consumer electronics and home
office products, and provider of consumer credit, today reported on
the status of the Company after Hurricane Harvey made landfall on
August 25, 2017.
As a result of the Hurricane and unprecedented levels of rain
and flooding, Conn’s closed 23 stores, its distribution and service
centers in Beaumont and Houston, as well as its Beaumont corporate
office. The Company’s corporate offices in The Woodlands and San
Antonio remained open, and supported store, credit and collections,
and customer service operations outside the path of the storm.
All but two stores are now open for business and able to serve
their local communities. The Company also reopened its Beaumont
corporate office, and distribution and service centers. Conn’s has
currently lost approximately 100 store-days between August 25, 2017
and September 1, 2017. Despite the severe impact of Hurricane
Harvey, this number of days compares favorably with both the impact
of Hurricane Rita, which reported 134 lost store-days and Hurricane
Ike, at 144 lost store-days.
"I want to thank our employees for their exceptional dedication
and desire to start serving our customers in their time of need,"
commented Norm Miller, the Company's Chairman and CEO. “Our
advanced planning, resilient infrastructure and the determination
of our staff has enabled the business to minimize the impact of
this terrible event.”
Conn’s also announced that it is pledging up to $200,000 through
a donation matching program. Conn’s will match dollar-for-dollar
every donation from customers, employees and partners up to
$200,000, and will direct the funds raised to locally based
organizations and charities that need them the most, as well as to
employees who have lost so much. On the ground, Conn’s is
supporting a number of activities within the local community
through its Conn’s Cares Program, which will initially see the
launch of a Toy and Book Drive to support children affected by the
Hurricane.
“As a Texas based business with a meaningful presence in Houston
and Beaumont, we have seen firsthand how Hurricane Harvey has
affected our customers, employees and communities,” said Mr.
Miller. “We stand by to provide support to those in need from the
tragic effects of this historic natural disaster.”
The Company will provide more detailed information and analysis
about the impact of Hurricane Harvey when it reports second quarter
fiscal year 2018 results on Thursday September 7th, 2017.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170901005415/en/
Investor Contact:S.M. Berger & CompanyAndrew Berger,
216-464-6400
Conns (NASDAQ:CONN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Conns (NASDAQ:CONN)
Historical Stock Chart
From Apr 2023 to Apr 2024