Texas-based Conn's Inc., a furniture and appliance retailer, may file for Chapter 11 bankruptcy due to declining sales and integration issues.
Texas-based Conn's Inc., a discount furniture and appliance retailer with 12 stores in Louisiana, is nearing bankruptcy, possibly filing for Chapter 11 within weeks. The company, which acquired W.S. Badcock, has faced declining sales, integration issues, delayed filings, and a $903.7m drop in product sales for the fiscal year ending January 31. The potential bankruptcy could affect 4,000 employees nationwide and may impact Louisiana store operations.
July 12, 2024
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