At Home Files for Bankruptcy: What You Need to Know
At Home Files for Bankruptcy: What You Need to Know
Popular home décor retailer At Home has filed for Chapter 11 bankruptcy.
The Texas-based chain, known for its large stores filled with furniture and seasonal items, says tariffs, rising costs, and changing shopping habits are to blame.
Why Is At Home Filing for Bankruptcy?
- Tariffs Raised Prices: At Home imports about 90% of its products. High tariffs—especially on goods from China—made it more expensive to stock shelves.
- Shoppers Are Spending Less: After a boom during the pandemic, fewer people are buying home goods now. Store traffic is down 24% from before COVID.
- Too Much Debt: The company has nearly $2 billion in debt. It missed a major payment in May and couldn’t keep up.
- Tough Competition: Shoppers are choosing other stores like IKEA and Wayfair, which offer more stylish or affordable options.
What Happens Now?
- Stores Are Staying Open: Most of At Home’s 260 locations will remain open during the bankruptcy process. You can still shop like normal.
- Some Stores Will Close: The company expects to shut down about 20–26 underperforming stores. It hasn’t shared exact locations yet.
- New Financing Is Coming: At Home secured $600 million to help it keep running and pay its workers and suppliers while it restructures.
What This Means for Shoppers
Right now, nothing changes. You can still shop in-store and online. But expect some locations to close, and possibly changes in what At Home offers or how it prices things in the future.
At Home Files for Bankruptcy: What You Need to Know was originally published on b1057.com
