Badcock Home Furniture &more
 | |
| Formerly | Badcock Home Furniture & More |
|---|---|
| Company type | Subsidiary |
| Industry | Retail (furniture) |
| Founded | 1904 |
| Founder | Wogan S. Badcock |
| Defunct | October 31, 2024 |
| Fate | Bankruptcy |
| Headquarters | Mulberry, Florida |
Number of locations | 370+ (2023) |
Key people | Mitchell Stiles, president |
| Products | Furniture, bedding, appliances, electronics, accessories and floor coverings |
| Revenue |  US$253.2 million (2023) |
Number of employees | 1,200 (2023) |
| Parent |
|
| Website | www |
W.S. Badcock LLC (stylized as Badcock Home Furniture & More) was an American chain of over 370 company and dealer owned furniture stores in eight states across the southeastern United States. Robert B. Burnette was president of Badcock Home Furniture and previously served as chief operating officer for this company.[1]
History
[edit]
The first store was opened by Henry S. Badcock in Mulberry, Florida, in 1904.[2] A year before being listed by Furniture Today magazine in the top 25 furniture retailers by sales,[3] it was recognized as a centennial retailer by Florida governor Jeb Bush in 2004. In December 2023, it was announced that Conn's had completed its purchase of the company.[4]
In July 2024, Conn's warned that it may file for Chapter 11 bankruptcy protection within the coming weeks, blaming inflation, and a decline in sales as part of the decision. The company also blamed its purchase in Badcock as a result of mass losses and struggles.[5] On July 23, 2024, Conn's announced that it would close up to 106 stores across from the Conn's and Badcock brands. 71 Conn's stores and 35 Badcock stores are set to close by the end of summer 2024.[6] That same day, Conn's filed for Chapter 11 bankruptcy protection in Texas, listing assets and liabilities of between $1 billion to $10 billion.[7] The next day, on July 24, 2024, it was reported that Conn's was in the process of winding down and closing all of its nearly 600 Conn's and Badcock locations, with liquidation sales expected to be complete by October 31, 2024.[8]
References
[edit]- ^ "Burnette will succeed Price as Badcock president | Furniture Today". www.furnituretoday.com. 23 May 2016. Retrieved 2017-03-28.
- ^ "Company Overview | Badcock &more". www.badcock.com. Retrieved 2017-03-28.
- ^ "Wal-Mart stays No. 1, Ashley jumps to third - 8/21/2006 - Furniture Today". Archived from the original on 2007-09-28. Retrieved 2006-11-24.
- ^ "Conn's, Inc. Completes Strategic Acquisition of W.S. Badcock LLC". Furniture World Magazine. Retrieved 2024-01-20.
- ^ "Retailer Conn's Mulls Bankruptcy Filing Amid Sales Declines". Bloomberg. July 1, 2024. Retrieved July 1, 2024.
- ^ Lester, Thomas (July 23, 2024). "Conn's/Badcock to close a combined 106 stores". Furniture Today. Retrieved July 23, 2024.
- ^ "Home Goods Retailer Conn's Files for Bankruptcy Following Sales Declines". Bloomberg. July 23, 2024. Retrieved July 23, 2024.
- ^ "Restructuring or shutdown? Conn's documents raise the possibility". Furniture Today. July 24, 2024. Retrieved July 24, 2024.
- 2023 mergers and acquisitions
- Furniture retailers of the United States
- Companies based in Polk County, Florida
- Economy of the Southeastern United States
- Mulberry, Florida
- Retail companies based in Florida
- Retail companies established in 1904
- American companies established in 1904
- American companies disestablished in 2024
- Retail companies disestablished in 2024
- Companies that filed for Chapter 11 bankruptcy in 2024
- 1904 establishments in Florida
- 2024 disestablishments in Florida