A BELOVED furniture and electronics chain has filed for Chapter 11 bankruptcy and is set to shutter 73 locations.
After 134 years in business, Conn’s HomePlus is sending off shoppers with discounts of up to 50%.
Texas-based furniture company Conn’s HomePlus filed for Chapter 11 bankruptcy protection this week on July 23.
The retail chain has been struggling with decreased sales and has also been hit by a general drop in consumer discretionary spending.
Conn’s HomePlus has assets and liabilities worth a minimum of $1 billion each, per the bankruptcy filing.
As part of the bankruptcy process, the furniture and electronics retailer will close 73 locations.
Florida will see the most Conn’s HomePlus shutters with 18 locations closing soon, followed by Texas with nine stores and Arizona with …