Furniture retailer Conn’s is reportedly considering a Chapter 11 bankruptcy filing amid sales declines and challenges in the integration of the Badcock business it acquired.

The company, among the top 100 US retailers, may seek protection for reorganization within the coming weeks, reported Bloomberg, citing people with knowledge of the matter. The plan, however, has not been finalized and could change.

The report said the company has been struggling with sales declines and the integration of WS Badcock, which operates the Badcock Home Furniture & More chain.

Conn’s acquired Badcock in December last year in an all-stock transaction and expected the combined company to have annual revenue of approximately $1.85 billion across 240+ corporate owned stores and 310+ dealer locations.

Last month, the company received a delinquency notification letter from the Nasdaq Stock Market after it had delayed the financial report for the quarter ended April 30.

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 from $59.2 million in the prior year.