'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
$CONN
Consumer Electronics/Video Chains
Consumer Discretionary
Furniture retailer Conn's Inc. is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing planned for the coming weeks, according to people with knowledge of the matter.
The company has also been huddling with investors in search of financing to help fund its bankruptcy process, according to some of the people, who asked not to be named discussing private information.