{"id":2315616,"date":"2024-07-29T16:54:01","date_gmt":"2024-07-29T20:54:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gigantic-retailer-american-institution-conns-is-closing-doors-of-559-stores-across-america\/"},"modified":"2024-07-29T16:58:25","modified_gmt":"2024-07-29T20:58:25","slug":"gigantic-retailer-american-institution-conns-is-closing-doors-of-559-stores-across-america","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gigantic-retailer-american-institution-conns-is-closing-doors-of-559-stores-across-america\/","title":{"rendered":"Gigantic Retailer, American Institution Conn\u2019s Is Closing Doors of 559 Stores Across America"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgigantic-retailer-american-institution-conns-is-closing-doors-of-559-stores-across-america%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2315616&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Conn&#8217;s Inc. \u2063has filed for Chapter 11 bankruptcy\u200b as of \u2064July 23, \u20632024,\u2064 reflecting the difficult economic conditions consumers face, struggling to\u200b afford furniture amid rising costs for basic\u200b needs. \u200dThe bankruptcy will result in the closure\u200c of 559 stores and the\u200d loss of approximately 3,800 jobs across 15 states, including Texas,\u200b Florida, and Virginia. This trend is part of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crown-heights-killer-lemrick-nelson-remains-a-free-man\/\" title=\"Crown Heights Killer Lemrick Nelson Remains a Free Man\">broader crisis<\/a> in the retail\u2064 sector,\u2063 with other retailers like Big Lots and Family\u200c Dollar also announcing significant \u200cstore closures. The situation is attributed to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-responds-after-companys-alleged-black-friday-scam-goes-viral\/\" title=\"Target addresses viral Black Friday scam allegations\">current economic policies<\/a> under the Biden administration, criticized for\u2062 exacerbating inflation and financial strain on \u200dconsumers. The article posits that the administration&#8217;s approach could lead to further <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/japanification-how-americas-economy-could-see-a-permanent-decline\/\" title=\"\u2018Japanification\u2019: How America\u2019s Economy Could See A Permanent Decline\">economic decline<\/a> and increased poverty, urging \u2062a return to policies that stimulate corporate growth and consumer spending.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> <script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>It is hard to think about buying furniture when consumers are having a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-jim-bognet-matt-cartwright-is-a-pelosi-lap-dog-who-should-be-voted-out\/\" title=\"Exclusive\u2014Jim Bognet: Matt Cartwright Is a &#039;Pelosi Lap Dog&#039; Who Should be Voted Out\">hard time putting food<\/a> on the table.<\/p>\n<p>Conn&rsquo;s Inc. is now bearing the brunt of that reality. They filed for Chapter 11 bankruptcy on July 23, 2024.<\/p>\n<p><a href=\"https:\/\/document.epiq11.com\/document\/getdocumentbycode?docId=4359688&amp;projectCode=COJ&amp;source=DM\" target=\"_blank\" rel=\"noopener\">559 stores<\/a> will be closed according to the court filings. 310 of these locations are dealer-owned.<\/p>\n<p>With them, they take 3,800 jobs across fifteen states.<\/p>\n<p>This includes Arizona, Alabama, Texas, Colorado, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee and Virginia.<\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>You can chalk it up as yet another triumph for the Biden economy.<\/p>\n<p>You can also add it to the pile of closings occurring across retail, due in no small part to &ldquo;Bidenomics.&rdquo; They join <a href=\"https:\/\/www.nj.com\/business\/2024\/07\/big-lots-is-closing-about-149-stores-%20in-28-states-see-the-full-list.html\" target=\"_blank\" rel=\"noopener\">Big Lots<\/a>, which just announced the shuttering of 149 stores.<\/p>\n<p>And with them goes 600 hundred <a href=\"https:\/\/news.yahoo.com\/news\/nearly-1-300-stores-closing-100701728.html\" target=\"_blank\" rel=\"noopener\">Family Dollar<\/a> stores, 300 CVS stores, 113 Foot Locker&rsquo;s &mdash; and plenty more, with more likely to come.<\/p>\n<p>The average American can&rsquo;t afford to <a href=\"https:\/\/www.forbes.com\/sites\/hyunsoorim\/2024\/05\/28\/home-prices-soar-to-all-time-high-in-march-here-are-the-fastest-growing-cities\/\" target=\"_blank\" rel=\"noopener\">buy<\/a> a new home nevertheless furnish one. And those lucky enough to have bought before &ldquo;Bidenomics&rdquo; took hold of the nation are fighting to not lose it at the hands of soaring inflation and debt.<\/p>\n<p>Now, with Vice President Kamala Harris being crowned by leftist elites to save the United States as per the Democratic party, we need only look at the Biden-Harris legacy thus far to gain insight into what is to come.<\/p>\n<p>More of the same, undoubtedly. And much worse, for that matter.<\/p>\n<p>Harris, being a strong advocate for the <a href=\"https:\/\/www.foxnews.com\/opinion\/kamala-harris-two-socialist-proposals-crush-us-economy\" target=\"_blank\" rel=\"noopener\">Green New Deal<\/a> and Medicare-for-all, will undoubtedly place further pressure on families to come up with more money to pay in taxes to support both.<\/p>\n<p>Weakened consumers will kill businesses. Then the Harris government will kill the consumer. <a href=\"https:\/\/www.westernjournal.com\/michelle-obama-drops-celebrity-packed-election-ad-just-days-backing-kamala-harris\/\" target=\"_blank\" rel=\"noopener\">Spin<\/a> only lasts so long.<\/p>\n<p>It is an effective way of ushering <a href=\"https:\/\/www.westernjournal.com\/trump-absolutely-smoking-kamala-latest-rasmussen-poll\/\" target=\"_blank\" rel=\"noopener\">poverty<\/a> and socialism through the door.<\/p>\n<p>The argument by some that these closings are good because smaller companies may be able to get more customers hardly stands up. As smaller stores are suffering under the weight of failed &ldquo;Bidenomics&rdquo; as well. They have less wiggle room to provide affordable goods so consumers simply won&rsquo;t spend. When forced, they will rob Peter to pay Paul, so to speak.<\/p>\n<p>A total of 3,800 new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blue-state-blues-gets-worse\/\" title=\"Blue State Blues Gets Worse\">jobs lost<\/a> also means further strain on unemployment assistance, impacting the health and welfare of the entire nation. Multiply that out by all of the stores shedding skin at this point.<\/p>\n<p>The tiniest of silver linings: These are more difficult optics for the Biden\/Harris administration going into an uphill presidential bid.<\/p>\n<p>We need to get this nation back to work again. This includes supporting corporate growth and incentivizing consumerism.<\/p>\n<p>&ldquo;Made in America&rdquo; needs to become mainstream again, just as <a href=\"https:\/\/apnews.com\/article\/7e12eb79735f4875b3bfd828658a1451\" target=\"_blank\" rel=\"noopener\">Trump<\/a> had been doing during his last term as <a href=\"https:\/\/www.westernjournal.com\/ted-cruz-elon-musk-allege-google-engaged-election-interference-seeing-insane-trump-search-results\/\" target=\"_blank\" rel=\"noopener\">president<\/a>.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<p>   <script>console.log(\"ad slot (BA1)\")<\/script> <\/p>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s challenging to consider purchasing furniture when people are struggling to afford basic necessities like food. Conn&#8217;s Inc. is facing the consequences of this situation, having filed for Chapter 11 bankruptcy on July 23, 2024. According to court documents, they plan to close 559 stores, with 310 of those being dealer-owned locations. This closure will result in the loss of approximately 3,800 jobs across fifteen states including Arizona, Alabama, Texas, Colorado, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee and Virginia.<\/p>\n<p>This situation can be seen as another outcome of the current economic climate under President Biden&#8217;s administration. It adds to a growing list of retail closures attributed largely to &#8220;Bidenomics,&#8221; which also includes Big Lots announcing the closure of 149 stores and other retailers like Family Dollar (600 closures), CVS (300 closures), and Foot Locker (113 closures). Many Americans find it difficult not only to buy new homes but also to furnish them; those who purchased homes before &#8220;Bidenomics&#8221; are now struggling with rising inflation and debt.<\/p>\n<p>With Vice President Kamala Harris being positioned by progressive elites as a potential savior for the country according to Democratic party narratives\u2014looking at their track record suggests more challenges ahead. Harris\u2019s strong support for initiatives like the Green New Deal and Medicare-for-all could further burden families with increased taxes.<\/p>\n<p>Weakened consumers can lead businesses toward failure; subsequently harming consumers even more. The notion that these store closings might benefit smaller businesses doesn&#8217;t hold up since they too are grappling with the adverse effects of &#8220;Bidenomics.&#8221; These smaller retailers have limited capacity to offer affordable products leading consumers into tighter financial situations.<\/p>\n<p>The loss of 3,800 jobs will put additional pressure on unemployment assistance programs affecting national welfare overall\u2014this issue compounds when considering all retail establishments currently closing down.<\/p>\n<p>A slight positive aspect: these developments create unfavorable optics for the Biden\/Harris administration as they approach a challenging presidential campaign ahead. It&#8217;s crucial that we revive job growth in this nation by fostering corporate expansion and encouraging consumer spending again\u2014bringing back \u201cMade in America\u201d should be prioritized just as it was during Trump&#8217;s last presidency<\/p>\n","protected":false},"author":1,"featured_media":2315617,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/07\/bidenomics.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[36568,33371,36567,6581,33086],"class_list":["post-2315616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-american-institutions","tag-business-news","tag-conns","tag-retail","tag-store-closures"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/07\/bidenomics.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2315616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2315616"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2315616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315617"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2315616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2315616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2315616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}