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At Home Files for Chapter 11 Bankruptcy and Will Close 26 Underperforming Stores

A lender-backed recapitalization will eliminate nearly $2 billion in debt with a $200 million infusion.

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Overview

  • At Home filed for Chapter 11 in Delaware on June 16, citing inflation-driven costs, tariffs and heavy debt as its main pressures.
  • It will shut 26 underperforming locations by Sept. 30, with neither of its two Long Island stores among those marked for closure.
  • The restructuring will hand control to lenders as the company institutes stricter inventory management and operational discipline.
  • California accounts for eight of the closures, affecting stores in Tustin, Costa Mesa, Foothill Ranch, Long Beach, Pasadena, Sacramento, Chico and San Jose.
  • At Home operates 260 stores in 40 states and last sought Chapter 11 relief in 2004 under its former name, Garden Ridge.