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. The good news is, the Conn's store on Bobby Jones Expressway in Augusta is not on the closure list. At least not for now. Conn's Inc. filed for Chapter 11 bankruptcy protection this 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 35 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."