Overview
- At Home entered Chapter 11 on June 16 under a restructuring support agreement that targets elimination of its $2 billion debt burden.
- It secured $600 million in debtor-in-possession financing, including a $200 million capital infusion, to maintain operations during restructuring.
- The home goods chain will close 26 underperforming stores by September 30, 2025 to streamline costs and reshape its store network.
- Relying on imports for about 90% of its merchandise, At Home has struggled with steep U.S. tariffs on Chinese goods and volatile global supply chains.
- Seasonal reliance on holiday-driven sales, which generate around 40% of annual revenue, exacerbated the company’s vulnerability as consumer spending shifted.