The chain is closing more than 70 stores across the country, including these 9 in Texas.
Home goods and furniture retailer Conn's Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several locations, including 9 in Texas.The chain is closing more than 70 of its 130 HomePlus stores across the country.Conn's announced the following Texas locations that would be closing:Conn's store will close in 13 states.Florida will see the most closures with 18.In the Chapter 11 filing for Conn’s Inc.
Estimated liabilities were the same.Conn’s also reported having an estimated 25,000 to 50,000 creditors.The filing indicated Conn’s Inc. and several other entities affiliated with the company that also filed for bankruptcy want their cases to be jointly administered. One of those was W.S. Babcock LLC, a furniture company it has owned since December.In April, Conn’s said its total annual revenues dropped 7.8% year over year, totaling $1.2 billion. The company also posted a net loss of $76.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Overheard at SEC Media Days: Texas, Texas, Texas, TexasThe marriage between two of college sports’ biggest brands has officially begun.
Read more »
Texas furniture retailer Conn’s plans mass store closings ahead of possible bankruptcyFurniture retailer Conn’s Inc. is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing planned for the coming...
Read more »
Home goods retailer Conn's files for bankruptcy, to close over 70 storesHome goods and furniture retailer Conn’s Inc. intends to shutter dozens of its HomePlus locations after filing for Chapter 11 bankruptcy protection in a Texas court.
Read more »
Democrats Launch Major Coordinated Attack Strategy In TexasTexas Democrats are launching a new campaign dubbed the 'Texas Offense' later this week in Houston.
Read more »
Texas A&M University grads are the most attractive in Texas, study findsIt’s official: Aggies are the most attractive grads in Texas. At least according to a recent study from online romance blog DatingAdvice.
Read more »
Texas HC Steve Sarkisian & Texas A&M's Mike Elko United vs. New Recruiting ProposalTexas Longhorns coach Steve Sarkisian and Texas A&M Aggies coach Mike Elko - alongside multiple other head coaches in the state - are both in agreement when it comes to moving up Early Signing Day
Read more »