(Source: Business Wire)

Conn's, Inc. (NASDAQ/NM: CONN), a specialty retailer of consumer
electronics, home appliances, furniture, mattresses, computers and lawn
and garden products, today announced its net sales results for the
quarter ended October 31, 2009.
Net sales for the quarter ended October 31, 2009, of $161.4 million,
decreased $12.5 million, or 7.2%, as compared with the quarter ended
October 31, 2008. Net sales represent total product sales, service
maintenance agreement commissions and service revenues. Same store sales
(sales recorded in stores operated for the entirety of both periods)
decreased 9.3% for the quarter ended October 31, 2009. The sales
comparisons were impacted by increasingly challenging economic
conditions in the Company's markets during the quarter and the impact of
the hurricanes experienced in September 2008. Despite the decline, the
Company believes it increased its consumer electronics and home
appliance market share, as retail sales for appliance and electronics
stores declined 11.3% nationally during the quarter ended September 30,
2009, as reported in the U.S. Census Bureau News -- Advance Monthly Sales
for Retail Trade and Food Services, while the Company's sales in these
categories declined only 6.5%. The expected market share gain in
consumer electronics is further evidenced by the increase in total
television unit sales of 26.5%, as compared to the same period in the
prior year. Additionally, the Company grew its furniture and mattresses
sales by 10.0%, while sales in furniture and home furnishings were down
10.4% nationally for the quarter ended September 30, 2009, according to
the U.S. Census report. Total revenues for the quarter, including
revenues from finance charges and other, will be reported in the
Company's earnings release and conference call scheduled for November
25, 2009.