Two retailers in Burlington – Conn’s HomePlus off Huffman Mill Road and the Badcock furniture store along South Church Street – are going out of business as part of widespread store closures planned after parent company Conn’s filed for Chapter 11 bankruptcy protection last week.
Conn’s has 12 locations in North Carolina, including the one at 3121-A Garden Road in Burlington (near Walmart supercenter) that’s set to close, effective October 31, 2024, according to an employee who answered the phone at the Burlington store Monday morning.
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“All of the locations will close,” an employee at the Burlington store told The Alamance News.
Conn’s is the parent company of Badcock Home Furniture, which also announced it would close 35 stores. The Texas-based Conn’s completed its acquisition of Badcock in December 2023, according to its annual report to investors on its fiscal year financial results.
Conn’s has announced it will close about half of its 170 Conn’s home furnishings stores across 15 states.
All of the 35 Badcock retail stores that currently operate in eight states are closing, according to a message posted Monday morning on the company’s Facebook page. Badcock’s existing retail stores in North Carolina – in Burlington, Durham, Raleigh, and Sanford – will also close, according to the company.
An employee at the Badcock furniture store along South Church Street said Tuesday afternoon that the company has been given “up to 12 weeks” by the bankruptcy court to wind down business.
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However, she said that the Burlington store could close sooner if all inventory at that location sells quicker than the mid-October deadline to liquidate inventory. Furniture and other home furnishings have been discounted by 30 to 50 percent as part of the initial markdowns, and “will stay at that for a good little bit,” the employee said, adding that discounts on merchandise could be even deeper as the deadline for liquidation approaches.
The Badcock store in Burlington is accepting cash and credit card sales only, and all sales are final, based on signs posted on the storefront windows at the store at Rosewood Village shopping center, between Carver’s and Cicis Pizza along South Church Street.
The Conn’s store at Huffman Mill Plaza is also closing, and has signs posted on the window advertising, “Going out of business.”
Neither Conn’s nor Badcock had filed a Worker Adjustment and Retraining Notice (WARN) with the state Department of Commerce by press time. Federal law requires all companies with 100 or more employees that announce closures resulting in mass layoffs to file a WARN notice.
Meanwhile, Badcock sold its distribution center at the North Carolina Commerce Park in 2022 to BCDC Portfolio Owner, LLC of Chicago, Illinois in Chicago-based firm in June 2022 for $42.6 million, according to documents on file with Alamance County’s Register of Deeds.
The property includes 198,228 square feet of warehouse space completed in 2004 and situated on 25.26 acres of land, according to Alamance County tax records, which list the latest assessed value at $42.1 million.
