logo
#

Latest news with #GettyHome

At Home Files for Bankruptcy, Will Close 26 Stores Nationwide by Fall
At Home Files for Bankruptcy, Will Close 26 Stores Nationwide by Fall

Black America Web

time11 hours ago

  • Business
  • Black America Web

At Home Files for Bankruptcy, Will Close 26 Stores Nationwide by Fall

Source: UCG / Getty Home décor and furniture retailer At Home has filed for Chapter 11 bankruptcy and plans to shut down 26 of its 'underperforming' locations across the country by September 30, 2025. The Texas-based chain, headquartered in Coppell, cited ongoing financial strain from high interest rates, persistent inflation, and increased tariff-related costs as reasons for the filing, according to court documents submitted Monday, June 16. These economic pressures have forced the company to reevaluate its store portfolio and overall strategy. Over the past year, At Home had already shuttered six locations. The latest wave of closures spans from California and New York to Florida and Montana, affecting communities in both major metro areas and smaller markets. This bankruptcy comes during a tough retail year, as chains like Big Lots, Joann Fabrics, Macy's, JCPenney, and Party City have also downsized or filed for protection amid similar economic headwinds. In the bankruptcy filing, At Home acknowledged that many of its stores have been operating below expectations, especially given the high costs of maintaining brick-and-mortar spaces. As part of the restructuring, ownership will transfer to a group of hedge funds and investment firms based in New York City and San Francisco. 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 At Home expects to complete these closures by September 30, 2025. SEE ALSO At Home Files for Bankruptcy, Will Close 26 Stores Nationwide by Fall was originally published on Black America Web Featured Video CLOSE

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store