Overview

• 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.