Conn’s files for Chapter 11 bankruptcy

Quick Summary:

The retailer has started the process of running going-out-of-business sales across its fleet and selling off its assets.

The retailer filed for Chapter 11 in Texas on Tuesday, citing liquidity challenges that it can't resolve without bankruptcy protection.

Conn’s relied on the issuance of debt to support its cash flows for operations and strategic initiatives in recent years.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United States

Topics: Interest Purchases Badcock Retailer Bankruptcy Conn’s Million Year Miller Rates Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 13:02:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21763982

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