A POPULAR furniture chain has filed for bankruptcy and closed 70 of its branches.
Conn’s Home Plus abruptly closed stores in 13 states after reports of poor sales.
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The chain has filed for Chapter 11 protection in a court in Texas, according to Bloomberg.
These financial problems were reportedly attributed to falling sales and integration problems at a rival company.
Conn’s bought the WS Badcock chain last year in a bid to grow.
The retailer listed its assets and liabilities at about $1 billion each, according to court documents seen by Bloomberg.
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