(Gray News) – Badcock Home Furniture & More, a retailer with stores throughout the southern U.S., said it’s closing all stores.
Badcock has more than 380 stores in Florida, Alabama, Mississippi, Tennessee, North Carolina, South Carolina, Georgia and Virginia.
The 120-year-old company made the announcement on a social media post announcing up to 50% off merchandise.
The closures are linked to the bankruptcy of its parent company, Conn’s, the Texas-based furniture retailer that bought Badcock last year.
Conn’s filed for bankruptcy last week and is also closing about 70 stores soon.
According to its bankruptcy filing, Conn’s anticipates closing all locations of its Badcock and Conn’s stores, which employs about 3,800 full-time employees and 150 part-time employees.
Conn’s operates locations in 15 states, totaling 553 retail stores and 22 distribution and service facilities, the bankruptcy filing said, including its Badcock stores
Conn’s said it received a “Receipt of Delinquency Notification Letter” from Nasdaq last month because of a delay in filing its quarterly report.
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