Loading ...US – seems topical – 134-year-old home goods chain files for bankruptcy – more than 500 stores at risk
Home and furniture retailer Conn’s has filed for bankruptcy – putting hundreds of stores at risk.
Then on Tuesday it filed for Chapter 11 bankruptcy with debts of more than $1 billion, though it also said it had assets – such as stock and stores – worth that mount too. The filing allows it to keep operating while it liquidates stores.
The closures so far represent 13 percent of its 553 total locations. There are fears the bankruptcy will lead to even more – also under the Badcock Home Furniture & More banner, a brand it bought last year.