Conn's HomePlus Files for Bankruptcy, Closing Over 70 Stores

The 134-year-old retailer faces significant financial challenges, leading to widespread closures and a potential sale.

Conn's HomePlus will shut down nearly half of its 170 stores across 13 states.
The company has over $2 billion in debt and is exploring a potential sale.
Recent acquisition of W.S. Badcock adds to financial strain, with 35 Badcock stores also closing.
Majority of store closures will occur in Florida, Texas, and Arizona.
The retailer cites shifts in consumer behavior and rising costs as key factors in its financial troubles.