Overview

• At Home filed for Chapter 11 on June 16 to restructure over $2 billion in debt and secured debtor-in-possession financing to fund operations during bankruptcy.
• The retailer blamed inflation, reduced foot traffic and rising U.S. tariffs for eroding sales and squeezing profit margins.
• After initially planning to shutter 26 stores, the company added six more in late July, bringing its total planned closures to 32 out of roughly 260 locations.
• Clearance sales are underway at the closing stores and will continue until inventories are sold out, with gift cards and loyalty rewards remaining valid through August 14.
• The closures reflect broader headwinds in the home furnishings sector that have led peers such as Big Lots and True Value to seek bankruptcy protection.