Conn's Closing Five Stores
Conn's announced Friday that it will close five underperforming stores this month. The closing stores include two in Dallas, and one each in Houston, San Antonio and Edmond, Okla.
The closures will leave the chain with 64 stores.
“The closing of the five stores this month is a continuation of our previously communicated plan to evaluate our existing store base and close or relocate underperforming stores," Theodore Wright, the company's CEO, said as part of the announcement. "Additionally, we are progressing on our plans to open five to seven new stores in fiscal 2013, in areas with compelling demographic characteristics that we believe are favorable to our business model."