Conn’s HomePlus Stores in Arizona Are Closing, Here’s Why

Home goods retailer Conn’s HomePlus announces closing of all 10 stores in Arizona.

Conn’s is closing all of its more than 170 stores in 15 Southern states, which employ more than 4,000 people, according to the company’s website. The company, based in The Woodlands, Texas, announced the closures last week after filing for Chapter 11 bankruptcy in the Southern District of Texas.

The retailer said in April during its fourth-quarter earnings conference call that total revenue fell 7.8% year over year and the company posted a net loss of nearly $77 million for the year.

Here’s what you need to know about the closure of Conn’s HomePlus stores in Arizona and the discounts being offered as a result.

These 10 Conn’s HomePlus stores in Arizona will be closing

Merchant: 2820 W. Chandler Blvd. Apartment 8
A good year: 15305 W. McDowell Road
The keep: 1655 S. Stapley Drive
Phoenix: 4531 E. Thomas Road
Phoenix: 2820 W. Dunlap Road
Phoenix: 7333 W. Thomas Road, Suite 16
Tempe: 5000 S. Arizona Mills Circle
Tucson: 5530 E. Broadway Blvd.
Tucson: 3742 W. River Road, Suite 150
Yuma: 1190 S. Castle Dome Ave.

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What You Need to Know About Conn’s HomePlus Sale

Conn’s HomePlus is having a closing sale, according to the company’s website. Everything is 30-50% off in-store and online, including appliances, furniture and more. All sales are final and store credits will not be accepted.

Why is Conn’s HomePlus closing all stores?

The closures will occur in all 15 states where Conn’s operates, including more than 70 stores in Texas, 20 in Florida, 12 in North Carolina and 11 in Louisiana.

In December 2023, the company acquired fellow home goods retailer WS Badcock, which operated Badcock Home Furniture & More locations across the Southeast, bringing the new company’s store count to 550 locations between the two brands.

However, the retailer reported a net loss of nearly $77 million for 2023 and a 7.8% year-over-year decline in its fourth-quarter earnings report in April. Badcock also announced it was closing an additional 35 stores in addition to the shuttered Conn’s locations.

Which companies are closing stores in the US?

Conn’s joins the ranks of other major retailers that have gone bankrupt or closed a significant number of stores in 2024.

Walgreens has announced it will be closing its stores across the United States. It did not provide specific information about which stores will be closing.

Red Lobster closed nearly 100 locations in May when it filed for Chapter 11 bankruptcy, including one in Arizona. More locations could be affected, too.

At least 44 Hooters locations closed Friday, USA TODAY reported. The company attributed the closures to “pressures from current market conditions.”

Twelve Arizona Big Lots locations will close as the company grapples with a tough consumer market.

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