Is Badcock Really Going Out of Business

It's a question on many minds, sparking conversations and concerns across communities: Is Badcock Really Going Out of Business? For over a century, Badcock Home Furniture & More has been a familiar name, especially across the American South, providing furnishings and appliances to countless households. But recent headlines have cast a shadow of uncertainty. If you're wondering about the future of Badcock, its stores, or your existing purchases, you've come to the right place. This article will cut through the rumors and provide clarity on the current situation, helping you understand what's happening with this long-standing retailer.

The Major Announcement: Badcock Home Furniture & More is Closing

The answer to "Is Badcock really going out of business?" is, for most of its operations, yes. W.S. Badcock LLC, operating as Badcock Home Furniture & More, is indeed in the process of closing the vast majority of its stores across the southeastern United States. This significant development stems from the bankruptcy filing of its parent company, Conn's Inc..

Conn's Inc., a Texas-based furniture and appliance retailer, acquired W.S. Badcock LLC in December 2023. Just seven months later, in July 2024, Conn's Inc. filed for Chapter 11 bankruptcy protection in Texas, citing substantial debt, a slowdown in sales, and a lack of liquidity. This financial distress at the parent company level directly impacted Badcock Home Furniture & More.

As a result of Conn's bankruptcy, hundreds of Badcock stores across states like Florida, Alabama, Mississippi, Tennessee, North Carolina, South Carolina, Georgia, and Virginia are being liquidated. "Going out of business" sales, offering merchandise at significant discounts (up to 50% off), began in late July and early August 2024. The expectation is that liquidation sales will be completed, and most Badcock Home Furniture & More locations will officially close their doors by the end of October 2024. This closure is anticipated to affect approximately 3,800 full-time and 150 part-time employees.

A Century-Old Legacy: The History of Badcock Furniture

To understand the weight of this news, it's worth reflecting on Badcock's long history. The first Badcock store opened in Mulberry, Florida, in 1904, founded by Henry S. Badcock. For generations, the company grew, establishing a distinctive dealer store model that allowed it to expand rapidly and serve communities across the region.

Badcock became known for its accessible financing options and commitment to providing quality furnishings, often becoming a staple in small towns. By 2021, the company, still largely family-owned until its sale to Franchise Group Inc. in November 2021 (and subsequently to Conn's Inc.), operated over 380 stores. The current closures mark a significant turning point for a business that has been a part of the retail landscape for 120 years.

The Important Exception: Badcock & More in South Florida

While the news is grim for most Badcock Home Furniture & More locations, there's a crucial distinction to be made. The independent "Badcock of South Florida" branch, known as Badcock & More, is not going out of business. This specific entity, which has operated independently with its own corporate structure since 1951, confirmed that its 10 South Florida locations remain open.

Despite sharing the "Badcock Home Furniture & More" trade name, the South Florida branch has maintained its distinct operations, including its own distribution center and in-house financing programs. Their statement clarifies that "The WS corporation closed its retail operations in October of 2024... leaving only the South Florida Branch with the family name and legacy to carry on." This means that if you are in South Florida, your local Badcock & More store is expected to continue serving its community.

What This Means for Customers

The widespread closures naturally raise questions for customers who have purchased items from Badcock Home Furniture & More or have existing financing agreements.

• Existing Purchases and Financing: If you have an existing finance agreement with Badcock, you will generally continue to pay for your financed purchases as per your agreement until they are paid in full. Badcock's website provides information on how to make payments for both "Badcock Installment" and "Badcock Revolving" accounts.
• Protection Plans: For inquiries regarding furniture protection plans, customers are advised to contact Fortegra directly. For appliances, TVs, and smaller electronics, it's recommended to contact the manufacturer during the warranty period, and Fortegra for extended warranty assistance.
• Bankruptcy Information: For detailed information on the Conn's/Badcock bankruptcy case, or for additional assistance with a past purchase, customers can refer to the official bankruptcy information portal provided by Conn's. This portal can help with submitting claims or inquiries.

It's highly advisable for customers to verify the status of their local store and to reach out to the provided customer service channels for any specific concerns regarding warranties, financing, or orders.

Conclusion

The question "Is Badcock really going out of business?" carries a complex answer. For the vast majority of its operations, Badcock Home Furniture & More, under the ownership of the now-bankrupt Conn's Inc., is indeed winding down and closing its hundreds of stores across the Southeast. This marks the end of an era for a company that has served communities for over a century. However, it's crucial to remember the exception: the independent Badcock & More in South Florida continues to operate its 10 locations, carrying on a separate legacy.

As these changes unfold, staying informed is key. If you are a Badcock customer, reach out to the relevant support channels to understand how these closures might affect your specific situation.

Do you have memories of shopping at Badcock, or are you impacted by these closures? Share your thoughts and experiences in the comments below.

Frequently Asked Questions (FAQ)

Is Badcock Home Furniture & More closing all its stores?

Yes, the vast majority of Badcock Home Furniture & More stores are closing. Their parent company, Conn's Inc., filed for Chapter 11 bankruptcy in July 2024, leading to the liquidation and closure of hundreds of Badcock locations across the southeastern United States, expected to be complete by the end of October 2024.

Why is Badcock closing?

Badcock Home Furniture & More is closing because its parent company, Conn's Inc., which acquired Badcock in December 2023, filed for Chapter 11 bankruptcy. Conn's cited financial difficulties, including debt, declining sales, and a lack of liquidity, as reasons for its bankruptcy, which then led to the closure of both Conn's and Badcock stores.

What about Badcock & More in South Florida?

The "Badcock & More" branch in South Florida is operating independently and is not closing. Its 10 South Florida locations will continue to serve customers, maintaining their separate corporate structure and business operations despite the widespread closures of other Badcock Home Furniture & More stores.

What should I do if I have an existing Badcock purchase or financing?

You should continue to make payments on your financed purchases as per your agreement. For assistance with payments, protection plans, or general inquiries related to the bankruptcy case, refer to the information provided on Badcock's payment portal or the Conn's/Badcock bankruptcy case website.