AN iconic home goods retailer and Pottery Barn rival with more than 260 locations across the US has officially filed for Chapter 11 bankruptcy.
As At Home undergoes its bankruptcy proceedings, shoppers will see 20 locations permanently shut off their lights.
At Home, a home goods retailer with 260 spots across 40 states, has taken a hit thanks to challenges presented by the modern retail landscape, such as dropping consumer spending.
Hefty tariffs have also hurt the chain, ultimately pushing At Home to file for bankruptcy this month.
The Dallas-based company entered an agreement with its lenders aimed at eliminating the majority of its approximately $2 billion in debt, At Home revealed on Monday.
Under the deal, the company will also receive around $200 million in funding to keep the home goods retailer operational throughout the bankruptcy process.
Company CEO Brad Weston, who was brought on board in 2024, shared that the bankruptcy filing and subsequent changes “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 top boss admitted in a statement that At Home is “operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs.”
At Home sources a significant portion of its inventory from China, which saw tariffs of up to 145% before they were temporarily decreased to 30% following an agreement in May.
More to follow… For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos.
Like us on Facebook at TheSunUS and follow us on X at @TheUSSun
