At Home canceling some store closures, despite bankruptcy: See where
The furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on Monday, June 16, as a result of "broader economic and retail-specific market pressures," court documents showed. The bankruptcy filing and store closures follow several other "big box" retailers that have followed suit this year, including Big Lots, Joann Fabrics, Kohl's, JCPenney, Macy's, and Party City.
The company employed about 7,170 employees when it filed for bankruptcy protection.
Here's what to know about the cancellation of two store closures:
Which At Home locations are staying open?
The following stores in New Jersey and Wisconsin will remain open:
Which At Home stores are closing?
The following stores will close by Sept. 30 of this year:
Why did At Home file for bankruptcy?
Court documents said that rising interest rates, "persistent inflation," and a growing concern over unsustainable customs costs resulting from increased tariffs led At Home to file for bankruptcy. As a result, At Home has already closed six stores over the past year.
"Given the expenses associated with brick-and-mortar operation and the issues affecting the retail industry, a number of the (At Home) remaining stores are operating at sub-optimal performance levels," court documents revealed.
As part of the bankruptcy filing, ownership of At Home will be transferred to a group of hedge funds and investment firms based in New York City and San Francisco, as outlined in a news release.
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