Why Furniture Retailer Conn's Shares Are Getting Battered On Tuesday
Why Furniture Retailer Conn's Shares Are Getting Battered On Tuesday
Furniture retailer Conn's Inc (NASDAQ:CONN), known for discount home goods, is seeing its shares plunge premarket after the news of a potential bankruptcy filing, as sales have declined and challenges integrating a rival chain persist.
以打折的家居用品而闻名的家具零售商科恩（NASDAQ：CONN）的股票在消息传出潜在破产申请后出现了暴跌，由于销售下滑和整合竞争对手连锁店的挑战依然存在。
The retailer, catering primarily to lower-income consumers, might seek Chapter 11 protection in the coming weeks, according to a report from Bloomberg.
据彭博社报道，主要面向低收入消费者的零售商可能在未来几周寻求第11章保护。
Plans are not final and could change. Based in the Woodlands, Texas, Conn's has enlisted advisors from Houlihan Lokey Inc. and Berkeley Research Group for financial and operational guidance, per the report.
计划尚未最终确定，并可能发生变化。位于得克萨斯州伍德兰的科恩已聘请Houlihan Lokey Inc.和Berkeley Research Group的顾问提供财务和运营指导。
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The retailer purchased W.S. Badcock LLC last year to expand its market presence but has faced three years of fiscal losses as customers cut back on spending due to rising living costs.
这家零售商去年收购了W.S. Badcock LLC以扩大其市场份额，但由于消费者减少支出而导致连续三年的财政亏损。
Conn's shares have plummeted 77% this year. Last month, Conn's delayed its quarterly financial report and borrowed $25 million under a term loan agreement.
科恩的股价今年下跌了77%。上个月，科恩推迟了其季度财务报告，并借款2500万美元。借款$25m条款贷款协议。
Price Action: CONN shares are trading lower by 44.3% at $0.5796 in premarket at last check Tuesday.
股价行情：截至上周二最后一次检查，CONN股票以0.5796美元的低价交易。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明: 此内容部分使用人工智能工具生成，并由Benzinga编辑审查和发布。
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