120-year-old furniture chain to shut all 380 US stores in weeks - but will clear stock with massive bargains first
Badcock Home Furniture & More, a retailer based throughout the southern US, announced Tuesday it would be closing every single one of its stores. The 120-year old chain is owned by Conn's, which fell into bankruptcy just last week thanks to nearly $2 billion of debt and lots of overhead costs - much of which were associated with the acquisition of Badcock last year. Badcock has over 380 stores in Florida, Alabama, Mississippi, Tennessee, North Carolina, South Carolina, Georgia and Virginia.
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