Conn’s Is Closing More Than 70 Stores In 13 States Including Georgia And South Carolina
Conn’s home goods and furniture retailer has announced it’s closing more than 70 stores across the country, including some stores in Georgia and South Carolina.
An updated closure list has recently revealed that the Conn’s store on Bobby Jones Expressway and Badcock Home Furniture store on Wrightsboro Road in Augusta are now both on the closure list.
Conn’s Inc. filed for Chapter 11 bankruptcy protection last week and announced plans then to close some of its 170 stores across the U.S. Florida is the most affected state with 18 stores closing soon, followed by Texas with 9 locations.
The Texas-based company has reportedly been struggling financially, thanks to sluggish sales.
“Conn’s continues to have ongoing discussions with potential buyers to sell all or parts of the business and preserve jobs,” said a company spokesman.
Industry officials say major furniture retailers have been struggling since the pandemic. Many consumers simply aren’t spending as much money on big ticket items, such as furniture, since prices have been on the rise.
Conn’s Also Purchased Badcock Furniture
Conn’s bought Badcock stores last year, bringing its total to more than 500 stores between the two brands. Company officials say all Badcock stores are now closing as well.
Big Lots Closing Up to 40 Stores Nationwide, Some Here
Discount retailer Big Lots announced earlier this year it would be closing 35 to 40 stores this year with bankruptcy likely on the horizon.
Like many other struggling retailers, Big Lots blames its financial situation on elevated inflation combined with decreased consumer spending.
Big Lots says as a result, the company will close up to 40 stores by the end of this year.
Big Lots Closing in Georgia
- Thomson (on Main Street)
- Savannah (on Abercorn Street)
Big Lots Closing in South Carolina
- Aiken (on Pine Log Road)
- Newberry (on Wilson Road)
- Chester (on Wilson Road)
Many Big Lots stores have banners on their web pages that read “closing this location” while alerting customers they could “save up to 20% off.”
