Nasdaq-listed furniture retailer Conn’s has filed for Chapter 11 bankruptcy and is closing more than 100 stores across the country.

The company lists both assets and liabilities in the range of $1 billion to $10 billion, according to the filing.

The retailer has announced on its websites the closures of 71 Conn’s stores and 35 Badcock locations. The company operated about 550 stores under two banners as of June.

The affected Conn’s stores are located in Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. 

Meanwhile, the slated closures for Badcock will take place in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia.

Bloomberg reported earlier this month that the company was mulling a Chapter 11 filing amid sales declines and challenges in the integration of the Badcock business, which it acquired in December last year.

For the fiscal year ended January 31, the retailer posted a 9.1 per cent drop in total net sales, while its net loss widened to $76.8 million.