Retailer Conn’s Mulls Bankruptcy Filing Amid Sales Declines
- Bankruptcy filing may come in a matter of weeks, sources said
- The company had delayed regulatory filings amid refinancing
A Conn's store in Houston, Texas.
Photographer: Aaron M. Sprecher/Bloomberg
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Furniture retailer Conn’s Inc. is preparing for a potential bankruptcy filing as it faces sales declines and struggles to integrate a rival chain, according to people with knowledge of the plans.
Conn’s, which sells discount home goods primarily to lower-income consumers, may file for Chapter 11 protection within the coming weeks, said the people, who asked not to be identified discussing confidential business information. Talks aren’t final and plans could change, they added.