Conn’s HomePlus, the Texas-based electronics and furniture retailer, will close four metro Denver area stores, and two others in Colorado, after the chain filed for Chapter 11 bankruptcy protection this week.
The six locations in Colorado are among 73 of 170 Conn’s stores nationwide that will shut their doors, according to reports by CNN and other national news outlets.
Customers who called the Colorado Springs store were being told Wednesday that the location likely will close by October.
Colorado stores to close are in Arvada, Aurora, Denver, Englewood, Colorado Springs and Fort Collins, the Conn’s website showed. A Conn’s distribution center in Aurora wasn’t included on the list of locations to close.
Conn’s sells kitchen appliances, washers and dryers, televisions, computers and computer accessories and living room, dining room and bedroom furniture, including mattresses.
The chain specialized in a variety of customer financing plans and targeted consumers who lack top credit.
CNN reported that Conn’s “has been struggling with slumping sales amid a broader slowdown in discretionary spending among consumers.” The retailer has assets and liabilities of at least $1 billion each, according to its bankruptcy filing, CNN said.