Conn's Inc was founded in 1890. The Company operates as a specialty retailer of branded durable consumer goods and related services in addition to a proprietary credit solution for its core credit constrained consumers. Its complementary product offerings include home appliances, furniture and mattresses, consumer electronics and home office products. Its credit offering provides financing solutions to credit constrained consumers who typically have limited banking options and have credit scores between 550 and 650. The Company has two reportable segments: retail and credit. As of January 31, 2015, the Company operated 90 retail stores located in 11 states: Arizona, Colorado, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Its product categories include: Furniture and mattress for brands as Franklin, Jackson Furniture, Catnapper, Home Stretch, Elements, Steve Silver, Bello, Z-line, Serta, Sealy, and Tempur-Pedic; Home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges for brands such as Samsung, LG, Electrolux, General Electric, Frigidaire, Friedrich, Weber, and Dyson; Consumer electronics, including LCD, LED, 3-D, and Ultra HD televisions, Blu-ray players, home theatre and video game products, digital cameras and portable audio equipment for brands such as Samsung, LG, Sharp, Sony, Toshiba, Beats, Bose, Haier, Monster, Canon, and Nikon; and Home office, including computers, tablets, printers and accessories for brands such as HP, Samsung, Dell, Toshiba, and ASUS. The Company has developed a proprietary underwriting model that provides standardized credit decisions, including down payment, limit amounts and credit terms, based on customer risk and income level. It uses its proprietary auto-approval algorithm and in-depth evaluations of creditworthiness performed by qualified in-house credit underwriters to complete all credit decisions. It also provides access to monthly payment options to a wider range of consumers through its relationship with AcceptanceNow and Synchrony Bank. The Company competes against a diverse group of retailers, including national mass merchants such as Sears, Wal-Mart, Target, Sam's Club and Costco, specialized national retailers such as Best Buy, Rooms To Go and Mattress Firm, home improvement stores such as Lowe's and Home Depot, and locally-owned regional or independent retail specialty stores that sell furniture and mattresses, home appliances, and consumer electronics similar, and often identical, to those items that it sells. It also competes with retailers that market products through store catalogues and the internet.