Home Goods Retailer Conn’s Taps Advisers for Debt, M&A Help (1)

Furniture retailer Conn’s Inc. tapped financial and operational advisers for help reworking its debt load and integrating a rival chain of stores it purchased last year amid a challenging retail environment, according to people with knowledge of the matter.

Conn’s has engaged Houlihan Lokey Inc. as a financial adviser and Berkeley Research Group for operational assistance, said the people, who asked not to be identified because discussions are private.

A representative for Houlihan declined to comment. Messages left with Conn’s and BRG were not returned.

Conn’s, which has lost money for the last two fiscal years, has been struggling as ...