Store closing sales start across Conn’s 550-plus stores
Conn’s has started to wind down operations.
Going-out-of-business sales have started across Conn’s HomePlus and Badcock Home Furniture & more locations. B. Riley Retail Solutions is managing the liquidation event, both online and in Conn’s 553 stores.
Earlier this week, Conn’s filed for bankruptcy. In court documents, the company said it plans to wind down its business, including closing all its stores, which are located across 15 states and operate under two banners: Conn’s HomePlus and Badcock Home Furniture & More.
The sale features home furniture, appliances, consumer electronics, office furnishings, accessories and seasonal items from leading brands – with initial discounts of 30% to 50% off across all merchandise, both in-store and online. Store furnishings, fixtures and equipment are also available for sale.
"Conn's and Badcock have served as a go-to destination for its loyal customers' home goods necessities for over a century," stated Tim Shilling, president of B. Riley Retail Solutions. "This sale is an opportunity for shoppers to purchase a wide array of quality furnishings for every room in the home, including brand name appliances and electronics at unprecedented discounts. Inventory will be available for a limited time only – everything must go."
Conn’s stores are located Conn's stores are located across Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia.
All sales are final during the store closing event. There will be no returns or exchanges permitted for purchases made during the store closing sales.
Conn's has been struggling amid increased competition and a general downturn in consumer competition spending on discretionary purchases, including furniture. The company's total consolidated revenue declined 7.8% to $1.2 billion in 2023, with a 9.1% decline in total net sales and a 3.6% reduction in finance charges and other revenues.
In June, Conn’s received a delinquency notification from the Nasdaq Stock Exchange, indicating it was not in compliance with Nasdaq Listing Rule 5250 (the Rule) because of the company’s delay in filing its most recent 10-Q report for the quarter ended April 30.
