The renowned outlet chain Conn's Home Plus, specializing in home products, announced that it will cease operations at its 170 locations in the United States on December 31, 2024, after 130 years of activity. The company, impacted by a deep financial crisis, declared bankruptcy last July, with debts exceeding 5 million dollars, as reported by Retail Dive.
As part of its closing, Conn's Home Plus has launched a massive liquidation sale across all its stores, offering discounts of between 80% and 90% on a wide range of products until October 31, 2024. This strategy has attracted numerous customers eager to purchase items at unprecedented prices, including furniture, appliances, and electronics. In Florida, Conn's Home Plus has seven stores located in Pinellas Park, Lakeland, Ocala, Kissimmee, and Orlando. The chain has received excellent reviews, not only for the quality of its furniture and appliances but also for its efficiency in receiving and distributing merchandise.
The company, based in The Woodlands, Texas, with a significant presence in the state through 74 stores, is facing the reality of laying off over 4,000 employees across 15 states. An employee at the store located in Capital Plaza, Austin, explained that this branch, like others, will remain open until it has depleted its inventory, offering discounts ranging from 40% to 60% on products such as rugs, massage chairs, and stools.
For those who have purchased financed items or items with a warranty at Conn’s, the company has set up a frequently asked questions section on its website, providing detailed information on how to proceed in these cases.
This closure adds to the growing list of companies in the United States that have had to resort to bankruptcy laws in 2024 in search of solutions to their financial difficulties, although many have not managed to recover and have permanently closed their doors.
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