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At Home Files Chapter 11, Shuttering 26 Stores Nationwide

The retailer has struck a restructuring agreement to eliminate nearly $2 billion in debt by transferring ownership to its lenders.

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Overview

  • At Home filed for Chapter 11 bankruptcy protection on June 16 to address heavy debt and market headwinds.
  • The agreement secures $200 million in financing to sustain operations during the reorganization.
  • The company will close 26 underperforming stores by September 30, including eight outlets in California.
  • Leadership cited inflationary pressures, higher import tariffs, and a shift to online shopping as drivers of its financial decline.
  • The restructuring plan transfers ownership of the Coppell, Texas-based retailer to its lenders as it seeks long-term resilience.