An unexpected furniture retailer is now closing all stores before the end of the year, resulting in a total of 380 locations shuttering.
Badcock Furniture & More stores has taken it to social media to post a reason behind its decision to close all of its stores.
“We want to extend our heartfelt gratitude for being a valued customer of Badcock Home Furniture &more,” the post said.
“Regrettably, we are going out of business, and all stores will be closing over the coming months.
We understand that comes with questions and have compiled some of the most frequently asked to help ensure a smooth transition for all our customers.”
After 120 years of business, the retailer announced their closure last month.
Conn’s HomePlus, the owner of Badcock, fell into bankruptcy and had no choice but to shut the major furniture chain, reports the US Sun.
All stores will close by October 31.
Loyal shoppers flooded the comments of Badcock’s post to express their disappointment.
“It’s so sad to see all these hardworking people loose their jobs, lots of these people have given many years of their life to this company,” one comment said.
“I hate that this happened to this company,” another wrote.
Badcock stores across the US are offering major sales to try and sell as much as possible before their doors are closed for good.
“All Badcock stores are closing! Up to 50% [off] merchandise while supplies last,” the chain said on social media at the end of last month.
“This is so sad. We have a lot of furniture that came from Badcocks,” another shopper wrote.
“Badcock was always good to small town people. You could always get quality furniture without breaking the bank.”
The furniture chain is largely based in southeastern parts of the US.
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.
Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.
The company said the select stores across the Northeast will be closed before the end of the year.
Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.
In May, the company announced the coming store closures.
“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.
The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”
Fortunately, employees will be offered other positions within the company, according to a press release.
The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.
Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.
Which grocery stores are closing?
In New Jersey, 10 locations will close, while only seven will close in New York.
Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.
Five stores will also be closing in Connecticut.
As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.
Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.
Also Read: Retirees Will Now Receive More Money For Social Security
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