Major furniture retailer Badcock Home Furniture & More announced on Tuesday that it will be shuttering all 380 of its stores across the southern United States, becoming the latest brick-and-mortar franchise to fail under inflation and rising overhead costs. The end of Badcock’s 120-year run, heralded by “going out of business” sales at all its locations, comes after the chain’s parent company filed for bankruptcy last week.
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In 2023, Badcock & More was bought out by Conn’s, a Texas-based furniture company. Bankruptcy filings submitted by Conn’s last week show that the parent company has taken on nearly $2 billion in debt in the intervening time, ending 2023 with a net loss of $77 million. Since January, stock in the company has fallen by 93%, plummeting from $4.48 per share to $0.32.
Badcock & More operates multiple locations throughout Florida, Alabama, Mississippi, Tennessee, North Carolina, South Carolina, Georgia, and Virginia, employing 3,800 full-time staff and 150 part-time workers.
Connor Walcott is a staff writer for Valuetainment.com. Follow Connor on X and look for him on VT’s “The Unusual Suspects.”
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