07:14 AM EDT, 07/02/2024 (MT Newswires) -- Conn's (CONN) is considering a potential bankruptcy filing amid declining sales, Bloomberg News reported Tuesday, citing unnamed sources familiar with the matter.

According to Bloomberg, sources said the company's plans could still change.

Conn's did not immediately respond to MT Newswires' request for comment.

Shares of Conn's were down more than 41% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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