Comparing the current results to its competitors, Conn S Inc reported Revenue increase in the 4 quarter 2023 by 9.32 % year on year, while most of its competitors have experienced contraction in revenues by -0.25 %, achieved in the same quarter.
Conn S Inc 's Comment on Competition and Industry Peers
The company operates in a competitive retail environment that includes national mass merchants such as Wal-Mart, Target, Sam's Club, and Costco; specialized national retailers including Best Buy, Ashley Furniture, and Mattress Firm; home improvement stores like Lowe's and Home Depot; locally-owned regional or independent specialty stores; internet retailers such as Amazon and Wayfair; and manufacturer-direct websites. It also competes with lease-to-own companies serving credit-constrained consumers, including Aaron's and Rent-A-Center, along with smaller independent firms. Some competitors provide third-party financing or alternative credit options that compete with the company's in-house credit programs. The company has recently announced the acquisition of W.S. Badcock LLC, which operates nearly 380 stores across eight southeastern states.
With revenue growth of 9.32 % within Overall company, Conn s Inc achieved improvement in market share, within Overall company to approximately 2.02 %. << More on CONN Market Share.
*Market share is calculated based on total revenue.
The Aarons Company Inc employs a retail business model that specializes in the sale and lease ownership of furniture, electronics, appliances, and other household items. Their strategy revolves around providing accessible options to customers through affordable monthly payments and flexible lease agreements. By offering a range of brand-name products and personalized service, The Aarons Company aims to cater to a broad customer base and meet the needs of individuals who may not have immediate access to traditional financing options.
Best Buy Co. Inc. operates a multinational retail model focusing on consumer electronics and appliances. It combines online and brick-and-mortar sales, competitive pricing, knowledgeable staff, and services like installation and technical support to enhance customer experience.
Wayfair Inc operates as an e-commerce company focused on home furnishings and decor. Their business model revolves around offering an extensive selection of products from numerous suppliers, providing customers with a wide array of options. They generate revenue through the sale of these products, primarily via their online platform, which is accessible to consumers across various regions.
Sources:
Conn s Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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