'Furniture Retailer Conn's Plans Mass Store Closings Ahead Of Possible Bankruptcy; Liquidations Would Shutter More Than 40% Of Company's Stores; Furniture Chain Acquired A Rival Last Year To Expand Reach' - Bloomberg News
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Furniture retailer Conn's Inc. is planning to close around 100 stores and liquidate inventory as part of a potential bankruptcy filing. The company is also seeking financing to support the bankruptcy process.
July 17, 2024 | 7:26 pm
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Conn's Inc. is planning to close around 100 stores and liquidate inventory as part of a potential bankruptcy filing. The company is also seeking financing to support the bankruptcy process.
The news of mass store closings and potential bankruptcy is highly negative for Conn's Inc. This will likely lead to a significant drop in the stock price as investors react to the company's financial instability and the impact on future revenues.
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