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Delinquency rates creep up at Conn's
Despite posting a sales increase in July, Conn's says nearly 10% of its customers are not paying their bills.
"Greater than 60-day delinquency was 9.2% as of July 31, 2015 compared to 8.7% as of July 31, 2014. Greater than 60-day delinquency as of July 31, 2015 increased seasonally compared to the June 30, 2015 rate of 8.9%," said Theodore M. Wright, Conn’s chairman and chief executive officer.
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Mixed results for HSN
St. Petersburg, Fla. – HSN Inc. had a mixed second quarter, meeting Wall Street profit projections but falling short of sales estimates.
HSN’s net income totaled $41.6 million, up 2% from $40.9 million the same period the prior year.
Net sales grew 4% to $885.6 million from $855.2 million, including an 11% increase in digital sales.

