LAFAYETTE, La. (KLFY) -- The Lafayette location of a nationwide retailer thought to be spared closure after announcing its bankruptcy is closing after all.
Conn’s HomePlus, a 134-year-old home goods store known throughout 15 states, filed for Chapter 11 bankruptcy and announced it was set to close 71 of its 170 stores. Originally, those slated to close included stores in Alexandria, Houma, Monroe, Shreveport, Slidell and one of their three locations in Baton Rouge.
The store in Lafayette, at 3316 Ambassador Caffery Parkway, was initially spared the chopping block, but the store's website now lists all of the locations in Louisiana as closing.
According to the bankruptcy filing, Conn’s holds over $2.4 billion in assets and nearly $2 billion in debts to over 25,000 creditors. The company is currently exploring the possible sale of the business and is engaged in extensive discussions with a potential purchaser.
As a result of the filing, Conn’s is holding a sitewide sale with prices of 30-50% off. They are also holding going-out-of-business sales at the Conn’s and WSB in-store locations, which are set to close by Oct. 31.
