North Carolina Hit Hard as Conn's Bankruptcy Forces 12 Store Closures in the State

Conn's Multiple stores are closing in North CarolinaPhoto byConn's Homeplus

Conn's Inc., a staple in the furniture and home goods retail sector for 130 years, has filed for Chapter 11 bankruptcy.

This drastic step comes after the company's recent announcement to close 174 stores across 15 states.

The company has faced escalating financial challenges, with a reported net loss of nearly $77 million at the end of 2023, marking a 30% increase from the previous year. Adding to its difficulties, Conn's recently received a delinquency notice from Nasdaq for failing to file its Q1 report on time.

Impact on North Carolina

The closures will significantly affect North Carolina, where initially 12 stores were slated for closure.

North Carolina Stores Closing

1. Charlotte - 5704 E. Independence Blvd
2. Charlotte - 9567 South Boulevard
3. Greensboro - 3508 Gate City Blvd
4. Raleigh - 2900 E Millbrook Road
5. Fayetteville- 1748 SKIBO RD
6. Winston Salem - 3925 Oxford Station Way
7. Hickory - 1810 US Highway 70 SE
8. Rocky Mountain - 1100 N Wesleyan Blvd Suite 3038
9. Burlington - 3121 Garden Rd A
10. Garner - 2580 Timber Dr
11. Gastonia - 197 S New Hope Rd
12. CHARLOTTE - UNIVERSITY PLAZA 8709 JW CLAY BLVD

Your Thoughts

Are you disappointed this chain will close? Do you like to shop at Conn's? Are you concerned about the number of retail chains closing across the nation?

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