US furniture chain, which has been in business for 120 years, recently confirmed that all 380 branches in 12 states will close by the end of this year, reports The U.S. Sun.
The retailer Badcock Home Furniture & More focuses on offering furniture and home accessories. They have a wide range of products, including sofas, tables, beds, and cabinets, as well as decorative items such as rugs and lighting fixtures. 
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Bankruptcy under pressure
The closure of Badcock Home Furniture & More follows the bankruptcy of parent company Conn's HomePlus, which filed for creditor protection in July. This bankruptcy forced Badcock to take the same step. All Conn's HomePlus shops will close their doors by 31 October, and liquidation sales have already begun.
Big sale announced
To mitigate the bad news, Badcock's management has announced a big clearance sale with discounts of up to 50 per cent on stock. The chain has shared this news on social media and offered a sincere explanation and apology to their customers. The following message was posted on Facebook: "We would like to express our sincere thanks for your loyalty to Badcock Home Furniture & More. Unfortunately, we are going out of business and all shops will close in the coming months."
Closing dates and funding
While a final closure date for all stores has not yet been announced, some shops have already announced their closure dates. For example, the Badcock shop in Cedarwood, Georgia, has warned customers of an impending closure. In addition, all shops have stopped offering financing for new purchases, although customers who have already financed can still make their payments online, by phone or by mail.
Mixed reactions from customers
Badcock's closure has generated mixed reactions on social media. Many express disappointment at the disappearance of a familiar name in the community. Some point to the loss of jobs for hard-working people and recall the good service they received. Others are less concerned and say they felt the prices were too high.
Source: The U.S. Sun