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Badcock Home Furniture & More, a retail chain with more than 300 stores in its portfolio, is closing all of its doors. This comes seven months after it was acquired by Conn's HomePlus, which has ...
The 134-year-old company is closing all of its stores. "We are shocked and overwhelmed," one area dealer posted on Facebook.
The first Badcock store in Mulberry, Florida, 1904.. The first store was opened by Henry S. Badcock in Mulberry, Florida, in 1904. [2] A year before being listed by Furniture Today magazine in the top 25 furniture retailers by sales, [3] it was recognized as a centennial retailer by Florida governor Jeb Bush in 2004.
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In December 2023, Conn's acquired Badcock Home Furniture & More from the Franchise Group, bringing the overall store count to around 500 stores from both brands. [ 5 ] In July 2024, Conn's warned that it may file for Chapter 11 bankruptcy protection within the coming weeks, blaming inflation, and a decline in sales as part of the decision.
Around that time, it purchased Pet Supplies Plus in a deal valued at $700 million, [12] Sylvan Learning for $81 million, [13] and Badcock Home Furniture for $580 million. [14] [15] In August, a group of investors bought Franchise Group for US$2.6 billion.
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