for this reason it closes 70 stores
Poor management, poor foresight or the inability to adapt the way of doing business to new situations occurring in the economies of different countries means that many companies, some of which have many years of experience in their sector, close after filing for bankruptcy unable to take on ever larger debts.
In fact, this is exactly what happened to many businesses as a result of the coronavirus health crisis in 2020, which undoubtedly caused a change in the way we consume around the world. In fact, after the pandemic, many companies They had to adapt to new sales systems, increasingly digitized.
Closing 70 stores in 13 states
Thus, many companies were unable to adapt to this and therefore, although they tried to survive with their personal selling systems, years later they declared bankruptcy and closed down, as happened with the legendary American company dealing sale of furniture and home goods, Conn’s Inc.
The 130-year-old furniture, mattress and appliance retailer was forced to close dozens of stores across the United States. In particular, they a total of 70 stores located in 13 different states.
Amid this news, the directors of Conn’s filed for bankruptcy protection in the US Bankruptcy Court, filing for Chapter 11, announcing plans to close their stores, although before all this Announced the liquidation of products with discounts of up to 80%as can be seen on his own website. However, sales are made in person only.
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