Conn's
 |
|
| Public | |
| Traded as | NASDAQ: CONN |
| Industry | Retail |
| Founded | 1890 as Eastham Plumbing and Heating Company 1934 as Conn's |
| Headquarters | The Woodlands, Texas, U.S. |
|
Number of locations
|
112 |
|
Key people
|
Edward Eastham, Founder Carol Washington Conn, Sr., Chain's namesake Norm Miller, CEO |
| Products | Consumer electronics |
| Revenue |
 US$ 836.7 million (2010) |
|
US$ 27.4 million (2010) |
|
|
US$ 7.7 million (2010) |
|
| Total assets |
US$ 551.4 million (2010) |
| Total equity |
US$ 344.3 million (financials for fiscal 2010) (2010) |
|
Number of employees
|
2,800 (2010) |
| Website | conns.com |
Conn's Inc. is an American electronics, furniture, mattress and appliance store chain headquartered in The Woodlands, Texas, United States. The chain has stores in Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington State and Wisconsin. Within Texas Conn's has stores in Greater Houston, the Dallas/Fort Worth Metroplex, Greater San Antonio, Greater El Paso, Greater Corpus Christi, Southeast Texas, and South Texas.
In 1890, Edward Eastham founded Eastham Plumbing and Heating Company in Beaumont, TX. First National Bank of Beaumont took over the company and renamed it Plumbing and Heating, Inc. in 1931. Plumbing and Heating, Inc. hired Carol Washington Conn, Sr. in 1933. He purchased the company one year later and changed the name to Conn Plumbing and Heating Company.
In 1937, Conn's began selling refrigerators and soon added gas ranges to its inventory. By 1940, Conn had purchased a store building and moved the company to 268 Pearl Street in Beaumont. The company's second store opened in 1959 on Eleventh Street in Beaumont. C.W. Conn, Jr. joined the company in 1953 after serving in the Korean War. He recognized that customers needed dependable, quality service and founded Conn's retail service repair and maintenance subsidiary company, Appliance Parts and Service, in 1962. In 1964 he cofounded Conn Credit Corporation, a retail credit financing services company, to provide retail credit financing services to Conn's customers.
Conn, Jr. was named president and chief operating officer in 1966 and served in those capacities until 1976. The Year 1966 found the company with four stores and a total sales volume of $4 million. Lake Charles, Louisiana was the site of Conn's first out-of-state store opened in 1969. A second out-of-state store was opened in Louisiana that same year, making it a landmark year. In 1975, Conn's opened stores in Port Arthur, Orange and Baytown, Texas, as well as one in Lafayette, Louisiana. A second location in Lafayette and new stores in New Iberia and Opelousas, Louisiana soon followed. Conn, Sr. died in 1975 and Conn, Jr. became Chairman of the Board.
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Wikipedia