Why Is Conn's (CONN) Stock Down 36% Today?

According to these reports, Conn's is considering shuttering up to 100 of its locations around the U.S. That's worth noting as the furniture company only operates 170 stores across 15 states. All of this comes as Conn's has had a rough few years. The last two fiscal years have been losses for it and reports suggest it will see the same again in 2024. That helps explain why the company is closing stores and keeping a Chapter 11 filing on the table. A bankruptcy filing would no doubt be bad for investors in C ...