Conn’s HomePlus is closing 71 stores including one in the Regency area of Jacksonville, according to a list published on its website.
“Select Conn’s store are closing. Everything must go!,” the retailer says on its website.
Conn’s Inc. calls itself a specialty retailer of home goods, including furniture and mattresses, appliances and consumer electronics. It has 550 stores in 15 states and 4,000 employees.
The Jacksonville Conn’s is at 9278 Arlington Expressway in the Regency Court Shopping Center. It is one of 18 Florida state being shuttered.
Bloomberg reported the retailer is planning to close about 100 locations and liquidate the inventory as part of a bankruptcy filing planned for the coming weeks.
It said the closures would include about 30 stores under the banner of home goods retailer W.S. Badcock, which Conn’s acquired in 2023 from Franchise Group Inc. Bloomberg said the “acquisition ultimately contributed to financial burdens weighing the chain down, including debt and high overhead.”
There are seven Badcock stores in Northeast Florida.
Conn’s is headquartered in The Woodlands, Texas, outside of Houston.
Conn’s announced June 20 that it received a delinquency notification letter that it was not in compliance with Nasdaq because of it had not filed its quarterly report for the fiscal quarter ended April 30. On July 22, its stock closed at 50 cents a share, off its 52-week high of $5.26.
In 2022, Conn’s HomePlus was issued a build-out for the Regency store and a warehouse in Northwest Jacksonville.
It took the space of a former 29,934-square-foot Rooms to Go, which relocated to the Town Center area.