National furniture and homeware chain abruptly shuts more than 70 stores amid bankruptcy rumors
Home and furniture retailer Conn's is closing 71 of its stores across 13 states. The move comes after a report in Bloomberg that the company is weeks away from filing for bankruptcy. The closures represent 13 percent of its 553 total locations. The states losing stores include Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Florida and Texas, the two biggest states affected, are losing 18 and nine stores, respectively.
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