Bankruptcy has led to the closure of another chain store in Fayetteville.
Furniture retailer Conn’s Home Plus is closing all 170 stores, affecting 4,000 employees across 15 states, including a location across from Cross Creek Mall in Skibo Road’s Cross Creek Plaza.
The Fayetteville store is among 12 North Carolina locations closing, along with stores in Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, New Mexico, Nevada, Oklahoma, South Carolina, Tennessee, Texas and Virginia.
USA Today reported that in December, the company acquired fellow home goods retailer W.S. Badcock, which operated Badcock Home Furniture & More locations across the Southeast.
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However, the retailer reported a net loss of nearly $77 million for 2023 and a 7.8% decrease in revenue year over year in its fourth-quarter earnings call in April. Badcock also announced it is closing an additional 35 stores on top of the shuttered Conn’s locations.