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聞名的傢俱零售商科恩（NASDAQ：CONN）的股票在消息傳出潛在破產申請後出現了暴跌，由於銷售下滑和整合競爭對手連鎖店的挑戰依然存在。
The retailer, catering primarily to lower-income consumers, might seek Chapter 11 protection in the coming weeks, according to a report from Bloomberg.
據彭博社報道，主要面向低收入消費者的零售商可能在未來幾周尋求第11章保護。
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.
計劃尚未最終確定，並可能發生變化。位於得克薩斯州伍德蘭的科恩已聘請Houlihan Lokey Inc.和Berkeley Research Group的顧問提供財務和運營指導。
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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.
這家零售商去年收購了W.S. Badcock LLC以擴大其市場份額，但由於消費者減少支出而導致連續三年的財政虧損。
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.
科恩的股價今年下跌了77%。上個月，科恩推遲了其季度財務報告，並借款2500萬美元。借款$25m條款貸款協議。
Price Action: CONN shares are trading lower by 44.3% at $0.5796 in premarket at last check Tuesday.
股價行情：截至上週二最後一次檢查，CONN股票以0.5796美元的低價交易。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明: 此內容部分使用人工智能工具生成，並由Benzinga編輯審查和發佈。
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