Shreveport, LA, September 19, 2025
News Summary
Conn’s HomePlus has announced the closure of all its Louisiana locations following a Chapter 11 bankruptcy filing. This includes the immediate shutdown of the Shreveport store and five other locations across the state. The retailer faced a dramatic 665.9% drop in net income in 2023, leading to a loss of $59.3 million. The closures will impact around 4,000 employees and follow significant customer criticism regarding prices and product quality, posing questions about the company’s future viability in a competitive retail market.
Shreveport — Conn’s HomePlus is set to close all of its Louisiana locations as part of its Chapter 11 bankruptcy filing. This decision includes the immediate closure of the Shreveport store located at 7081 Youree Drive, which has already put up signs announcing “Store Closing, Everything 30 to 50% Off.” Other locations across the state that are scheduled for closure include stores in Alexandria, Monroe, Lafayette, Baton Rouge, Houma, Harvey, and Slidell.
The Texas-based retailer has faced significant financial difficulties, reporting a staggering 665.9% decrease in net income in 2023 compared to the previous year. The company ended 2023 with a loss of $59.3 million, despite being ranked #31 in Furniture Today’s 2024 Top 100 list with $390.1 million in sales across 553 stores in 15 states. Conn’s has attributed part of its financial woes to its acquisition of 380 W.S. Badcock stores in December 2023.
As part of the bankruptcy process, Conn’s will close a total of six of its eleven Louisiana stores. The company is utilizing Chapter 11 bankruptcy protection to reorganize its debt, which will allow it to continue operations while it seeks relief from its financial burdens. Prior to these closures, Conn’s employed approximately 4,000 people across the state.
In addition to the bankruptcy filing, Conn’s has faced backlash on social media, with customers criticizing the company’s high prices, low quality products, and predatory lending practices. As a sign of the strain, the “Find a Store” function on Conn’s website was reported to be non-functional as of July 22, 2023, further complicating customer access to the retailer’s services.
The retail landscape in Louisiana is becoming increasingly competitive, and Conn’s decision to exit multiple locations points to the challenges faced by traditional brick-and-mortar retailers in an evolving market.
Impact and Future Outlook
Conn’s current financial turmoil raises questions about the future viability of the company as it seeks to restructure under bankruptcy protection. The closures are part of a larger trend in the retail sector, where many companies are grappling with shifting consumer preferences towards online shopping and away from physical retail stores. The next steps for Conn’s will involve balancing the need to revitalize its operations while addressing customer feedback and adapting to changing industry dynamics.
Conclusion
The closure of Conn’s HomePlus locations in Louisiana is a significant development in the region’s retail market. As the company works through its bankruptcy proceedings, the fate of many employees and store locations hangs in the balance. The coming months will be critical for Conn’s as it attempts to stabilize its operations and regain the trust of its customer base.
FAQs
What is happening with Conn’s HomePlus in Louisiana?
Conn’s HomePlus is closing all of its Louisiana locations due to a Chapter 11 bankruptcy filing.
Which locations in Louisiana are closing?
The locations include Alexandria, Monroe, Lafayette, Baton Rouge, Houma, Harvey, and Slidell, along with the Shreveport store at 7081 Youree Drive.
Why is Conn’s filing for bankruptcy?
Conn’s has been struggling financially, with a reported 665.9% decrease in net income in 2023 compared to 2022. The company ended 2023 with a loss of $59.3 million.
How many employees will be affected by the store closures?
Prior to the closures, Conn’s employed around 4,000 people in Louisiana.
What are some criticisms of Conn’s HomePlus?
Social media backlash has criticized the store’s high prices, low quality, and predatory lending practices.
Summary of Key Features
| Feature | Details |
|---|---|
| Bankruptcy Filing | Chapter 11 bankruptcy status |
| Store Closures | All Louisiana locations closing, totaling six out of eleven |
| Financial Loss | $59.3 million loss reported for 2023 |
| Employee Impact | Around 4,000 employees affected |
| Customer Criticism | High prices, low quality, predatory lending practices |
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- KTBS: Predatory Lenders
- Wikipedia: Bankruptcy
- Shreveport Times: Steven Jackson
- Google Search: Retail Bankruptcy
- Shreveport Bossier Advocate: Conn’s HomePlus Closing
- Encyclopedia Britannica: Retail
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
