Yes, Conn’s HomePlus is closing all its stores – what we can VERIFY [Video]

HUNTSVILLE, Ala. — Two more names are being added to the list of American retailers going out of business in an incredibly budget-conscious marketplace. Chapter 11 bankruptcy proceedings were filed last week by Texas-based furniture and electronics chain Conn’s HomePlus.

Chapter 11 bankruptcy means a business can look for buyers and keep operating while reorganizing its business. Often, this means a number of locations may be closed as the business tries to stay afloat.

However, in the days since the announcement, the number of locations due to close has fluctuated based on what media report you read, with some outlets saying 70-85 locations would shutter and that the Huntsville location was spared, and others saying the entire chain is to close its doors.

THE QUESTION

Is Conn’s HomePlus closing all of its locations?

OUR SOURCES

THE ANSWER

Yes, Conn’s HomePlus will close all physical retail outlets as well as …