At Home files for bankruptcy and will close 26 stores. Here are the locations.

At Home, a well-known retailer specializing in home decor and furniture with over 200 locations in the United States, has made the decision to file for bankruptcy. The company announced its Chapter 11 protection filing as part of a strategic restructuring plan aimed at eliminating $2 billion in debt and securing $200 million in capital to support the restructuring process.

According to court filings from the company, 26 At Home stores across the country are set to close as part of the restructuring efforts. The Plano, Texas-based retailer, owned by Hellman & Friedman, has been facing challenges for several months, exacerbated by escalating tariffs. After missing an interest payment on May 15, the company entered into a forbearance agreement with lenders to navigate its financial difficulties.

At Home’s CEO, Brad Weston, acknowledged the impact of tariffs on the company’s operations, stating that they are operating in a rapidly changing trade environment. The restructuring steps being taken are aimed at enhancing the company’s competitiveness and resilience in the face of market volatility. The company anticipates transitioning ownership to its lenders, who hold a significant portion of its debt.

Originally known as Garden Ridge Pottery, At Home was established in 1979 in Schertz, Texas, and has since expanded to 260 stores across 40 states. The retailer offers a wide range of home goods, including rugs, furniture, bedding, and kitchenware. However, Neil Saunders, managing director of GlobalData, highlighted that apart from debt, At Home is also grappling with reduced consumer demand for home furnishings, influenced by low consumer confidence and a sluggish housing market.

The voluntary Chapter 11 proceedings are taking place at the U.S. Bankruptcy Court for the District of Delaware, as stated in the company’s official communication. At Home’s bankruptcy filing comes amidst a wave of financial challenges faced by other large retailers, such as the Container Store and Big Lots, which filed for bankruptcy the previous year.

As part of the restructuring plan, At Home has identified 26 store locations that are slated for closure across various states. The addresses of these stores have been listed for transparency and clarity. It is essential for customers and stakeholders to stay informed about the closures and any further developments in the company’s restructuring process.

In conclusion, At Home’s decision to file for bankruptcy reflects the ongoing challenges in the retail industry, compounded by economic uncertainties and changing consumer preferences. The company’s commitment to restructuring and adapting to market dynamics is crucial for its long-term viability and success. As At Home navigates through this challenging phase, it remains to be seen how the retailer will emerge stronger and more resilient in the ever-evolving retail landscape.