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Home goods retailer Conn's files for bankruptcy, plans to close at least 70 stores
发布日期:2024-12-23 21:17:52
浏览次数:396

Home goods retailer Conn's HomePlus filed for Chapter 11 bankruptcy protection Tuesday and announced plans to close at least 70 locations across 13 states.

On its website, Conn's says it will close 18 locations in Florida, nine in Texas and seven in Arizona. Other states that will see stores close include Virginia, Colorado, Mississippi and Oklahoma, among others.

Conn's operates over 170 stores in 15 states across the southern United States and employs over 4,000 people, the company's website says. Headquartered in The Woodlands, Texas, Conn's filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas.

The retailer said in its fourth quarter earnings call in April that total revenue was down 7.8% year over year and that the company posted a net loss of nearly $77 million for the year. In December 2023, the company acquired W.S. Badcock, another home goods retailer that operates in the southeastern U.S. under the name "Badcock Home Furniture & More."

The acquisition meant the company would have over 550 stores across 15 states between the two brands, however Badcock also announced it is closing 35 stores.

Conn's did not immediately respond to a USA TODAY request for comment.

Conn's HomePlus locations closing

Here's a full list of the Conn's stores that will be closing, according to the company.

Alabama (1 store)

Arizona (7 stores)

Colorado (6 stores)

Florida (18 stores)

Georgia (2 stores)

Louisiana (6 stores)

Mississippi (2 stores)

North Carolina (4 stores)

Oklahoma (3 stores)

South Carolina (3 stores)

Tennessee (4 stores)

Texas (9 stores)

Virginia (5 stores)

Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at [email protected].

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