May CE Same-Store Sales at Conn’s Fell 13.3% on ‘Softer’ Vendor Promotions
May CE same-store sales at Conn’s fell 13.3 percent because of “softer” TV vendor promotions compared with a year earlier, the retailer said in a Tuesday announcement. TV sales recovered “some” late in the month “on aggressive Memorial Day promotions…
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by the manufacturers,” it said. Overall same-store sales in the month fell 6.7 percent, partly because Memorial Day fell five days later this year than in 2015, it said. “As a result, more of the sales written over the holiday weekend will not be delivered and booked until June,” it said.