Conn's Names New CFO

Furniture and home-appliance retailer Conn's Inc. on Thursday named Thomas Moran as its new finance chief, effective July 27.

Mr. Moran previously served as the chief financial officer of West Marine Inc., a retailer of boating supplies and gear.

In December, Conn's previous chief financial officer, Brian Taylor, stepped down amid an increase in delinquencies and deteriorating credit scores in the company's credit-financing business.

Conn's said earlier this year that it was pursuing a sale of all or part of its loan portfolio.

Mark Haley, who has been serving as interim, will continue as Conn's accounting chief.

Conn's also reported a 1.1% increase in same-store sales in June, as growth in furniture and home appliances helped to offset declines in consumer electronics and home office.

Conn's recently decided to stop selling videogames, digital cameras and some tablets. Excluding the impact of those items, same-store sales would have been up 5.1%.

Write to Chelsey Dulaney at [e-mail]

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