Conn's May Sell Or Split Company | KERA News

Conn's May Sell Or Split Company

Oct 6, 2014

Conn’s Inc. says the company may sell itself as it searches for ways to boost shareholder value.

Bloomberg BusinessWeek is reporting that the move comes as the Woodlands-based retailer struggles with delinquent customer debt.

The company provides a variety of goods from computers to couches, as well as credit to customers purchasing in-store items. 

The chain outlined several options today including separating its retail and credit business.

The company has reportedly sought the assistance of Bank of America Merrill Lynch as a financial advisor and Vinson & Elkins as legal counsel.

Reuters reports Conn's is also considering slowing store openings and returning capital to investors.

Conn’s has 4,000 employees and numerous stores throughout the country including 12 in North Texas.