A HOME goods giant is permanently closing 29 stores at the end of this month.
At Home is axing the stores on September 30 across states such as California, Florida, Illinois, and Indiana.
The closure waves comes amidst At Home’s bankruptcy filing in mid-June of this year.
The chain cited many reasons behind the filing, including the pressure of mounting debt and tariff uncertainty.
At Home is currently holding huge closing down sales until September 30 on all of its stock.
Shoppers can save on all of the merchandise, as well as store equipment.
This includes everything from the tills to the lighting fixtures used to illuminate the stores.
At Home’s CEO Brad Weston previously explained that the company was in good shape despite the closures.
He said: “The steps we are taking today to fully de-lever our balance sheet will improve our ability to compete in the marketplace in the face of continued volatility and increase the resilience of our business for the long term.”
The 29 At Home stores closing on September 30 are:
- 6135 Junction Boulevard in Rego Park, New York
- 300 Baychester Ave. in Bronx, New York
- 750 Newhall Drive in San Jose, California
- 2505 El Camino Real in Tustin, California
- 14585 Biscayne Boulevard in North Miami, Florida
- 2200 Harbor Boulevard in Costa Mesa, California
- 3795 E. Foothills Boulevard in Pasadena, California
- 1982 E. 20th St. in Chico, California
- 2820 Highway 63 South in Rochester, Minnesota
- 26532 Towne Center Drive Suites A-B in Foothill Ranch, California
- 1001 E. Sunset Drive in Bellingham, Washington
- 8320 Delta Shores Circle South in Sacramento, California
- 1361 NJ-35 in Middletown Township, New Jersey
- 2900 N. Bellflower Boulevard in Long Beach, California
- 720 Clairton Boulevard in Pittsburgh, Pennsylvania
- 2530 Rudkin Road in Yakima, Washington
- 571 Boston Turnpike in Shrewsbury, Massachusetts
- 5203 W. War Memorial Drive in Peoria, Illinois
- 8300 Sudley Road in Manassas, Virginia
- 461 Route 10 East in Ledgewood, New Jersey
- 301 Nassau Park Boulevard in Princeton, New Jersey
- 300 Providence Highway in Dedham, Massachusetts
- 905 S 24th St. West in Billings, Montana
- 19460 Compass Creek Parkway in Leesburg, Virginia
- 3201 N. Mayfair Road in Wauwatosa, Wisconsin
- 13180 S. Cicero Ave. in Crestwood, Illinois
- 5101 Fashion Drive in Nanuet New York
- 2100 S. Randall Road in Geneva, Illinois
- 2201 Zeier Road in Madison, Wisconsin
At Home initially lined up 26 stores for the chopping block back when it filed in June.
Then At Home added another six locations to the list at a later date and removed a few from the list.
DEBT PROBLEM
The company, which is based in Dallas, Texas, revealed in its bankruptcy filing that it was in roughly $2 billion of debt.
At Home received $200 million from its creditors so that it could continue to operate.
It is unknown if At Home plans to close more stores as a result of the bankruptcy filing.
US braces for ‘45,000 store closures’
Some 45,000 bricks-and-mortar stores could close in the next five years, experts have warned.
Several major retailers have announced store closures or gone out of business altogether in recent years.
In 2023, chains such as Foot Locker announced plans to close up to 400 outlets by 2026.
While, other well-known retailers like Tuesday Morning and Mitchell Gold + Bob Williams filed for bankruptcy in 2023.
Bed Bath & Beyond has closed all of its brick-and-mortar stores and is now an online-only retailer.
The most affected retailers have been clothing, consumer electronics, sporting goods, hobby, book, music, and home furnishing stores since the start of 2019.
UBS has predicted the total number of retail stores will drop by 45k from 958k to 913k.
Despite that, the report says that certain stores should thrive while others decline.
It said retailers such as Walmart, Costco, Home Depot, and Target, could be among the winners.
RETAIL APOCALYPSE
At Home isn’t the only company struggling with the weight of bankruptcy and store closures.
Claire’s recently filed for chapter 11 protections, and has kicked off its closing sales.
After filing for bankruptcy in August, the chain was considering closing all of it’s 1,500 stores in North America.
Since then, Claire’s has decided to close roughly 300 stores, which includes 56 Icing locations.
As a result of this reversal, popular Claire’s spots are expected to be saved in California, New York, Florida and Illinois.
States like New York will still see around 20 stores close due to the filing, including in the popular shopping district of Manhattan.
The closure waves comes amidst At Home’s bankruptcy filing in mid-June of this year[/caption]
