Latest news with #HilcoConsumer-Retail
Yahoo
5 days ago
- Business
- Yahoo
At Home closing more stores after bankruptcy filing. See the updated list.
The home goods retailer At Home is closing an additional six stores across the country, bringing its total closure tally to more than two dozen as it grapples with high debt and dwindling sales. The furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on June 16, pointing to "broader economic and retail-specific market pressures," in court documents. The bankruptcy filing and store closures follow several other "big box" retailers that have also significantly downsized their brick-and-mortar footprints this year, including Big Lots, Joann Fabrics, Kohl's, JCPenney, Macy's, and Party City. Shop Top Mortgage Rates A quicker path to financial freedom Your Path to Homeownership Personalized rates in minutes The retailer intially announced 26 store closures in June, before paring that down to 24 when it decided to keep open two stores in New Jersey and Wisconsin. The company added another six stores to the list, according to a statement by retail firm Hilco Consumer-Retail on Aug. 1, bringing the current number of stores it will shutter in the coming months to 30. The company employed about 7,170 employees when it filed for bankruptcy protection. Which At Home stores are closing? The following stores will close by Sept. 30 of this year, according to Hilco Consumer-Retail, which was retained to manage At Home's store closings: 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 300 Providence Highway in Dedham, Massachusetts 905 S 24th St. West in Billings, Montana 19460 Compass Creek Parkway in Leesburg, Virginia 13180 S. Cicero Ave. in Crestwood, Illinois The following six stores joined the list in August, and are hosting liquidation sales. 3271 Market Place Drive in Council Bluffs, Iowa 101 Randall Road in Lake in the Hills, Illinois 3175 W 3rd Street in Bloomington, Indiana 3100 Washtenaw Avenue in Ypsilanti, Michigan 2341 Route-66 in Ocean Township, New Jersey 190 South 500 West in West Bountiful, Utah Which At Home locations are staying open? The following stores in New Jersey and Wisconsin, which were initially slated for closure, will now remain open: 3201 N. Mayfair Road in Wauwatosa, Wisconsin 301 Nassau Park Boulevard in Princeton, New Jersey 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. Contributing: Sara Chernikoff, USA TODAY. Kathryn Palmer is a national trending news reporter for USA TODAY. You can reach her at kapalmer@ and on X @KathrynPlmr. This article originally appeared on USA TODAY: At Home closing more stores, bringing full list of closures to 30 Sign in to access your portfolio
Indianapolis Star
6 days ago
- Business
- Indianapolis Star
At Home is closing several stores, including one in Indiana
At Home is closing more stores, including one in Indiana, after filing for Chapter 11 bankruptcy on June 16, according to an Aug. 1 statement by retail firm Hilco Consumer-Retail. No Indiana stores were included in the initial list of closures in court documents, but the retailer recently announced more locations would close. The store at 3175 W. Third St. in Bloomington will close by Sept. 30, 2025. As of Aug. 4, none of the following stores are listed as closing.
USA Today
6 days ago
- Business
- USA Today
At Home closing more stores after bankruptcy filing. See the updated list.
The home goods retailer At Home is closing an additional six stores across the country, bringing its total closure tally to more than two dozen as it grapples with high debt and dwindling sales. The furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on June 16, pointing to "broader economic and retail-specific market pressures," in court documents. The bankruptcy filing and store closures follow several other "big box" retailers that have also significantly downsized their brick-and-mortar footprints this year, including Big Lots, Joann Fabrics, Kohl's, JCPenney, Macy's, and Party City. The retailer intially announced 26 store closures in June, before paring that down to 24 when it decided to keep open two stores in New Jersey and Wisconsin. The company added another six stores to the list, according to a statement by retail firm Hilco Consumer-Retail on Aug. 1, bringing the current number of stores it will shutter in the coming months to 30. The company employed about 7,170 employees when it filed for bankruptcy protection. Which At Home stores are closing? The following stores will close by Sept. 30 of this year, according to Hilco Consumer-Retail, which was retained to manage At Home's store closings: The following six stores joined the list in August, and are hosting liquidation sales. Which At Home locations are staying open? The following stores in New Jersey and Wisconsin, which were initially slated for closure, will now remain open: 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. Contributing: Sara Chernikoff, USA TODAY. Kathryn Palmer is a national trending news reporter for USA TODAY. You can reach her at kapalmer@ and on X @KathrynPlmr.
Miami Herald
01-08-2025
- Business
- Miami Herald
Popular bankrupt home goods chain closes more stores, liquidating
One of the hardest-hit sections of the retail industry has been the home furnishings market. Furniture, home decor, and interior design accessories are often produced cheaply overseas, and therefore affected significantly by tariffs. Related: Popular beer and wings chain closes all locations, no bankruptcy As the cost of these things rise, customers typically prioritize other expenses (like a cruise or a concert) instead of a new sofa or print. At Home, a home goods chain, has been hit harder than most. It filed for Chapter 11 bankruptcy protection on June 16, 2025. At Home agreed to close up to 30 stores as a part of a restructuring agreement. "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 related to the bankruptcy say. At Home plans to reduce a nearly $2 billion debt load, while getting about $200 million in new financing to help it right-side the business. And while it plans to shutter about 10% of its 260 stores, it recently made the decision to cancel some planned closures. Two of the stores that were originally slotted for closure will remain open. They are located in: Princeton, Wis. Neither of these stores will hold closing down sales, and doors will remain open. However, At Home announced on August 1, 2025 that it will close an additional six locations, with big blowout sales. Image source: Shutterstock At Home announced it will close six more stores, mostly clustered around the midwest and northeast. They are in: Council Bluffs, IALake in the Hills, ILBloomington, INYpsilanti, MIOcean Township, NJWest Bountiful, UT As a part of the closure, At Home will hold liquidation sales with merchandise up to 30% off around the store. "These six stores are offering some of the best deals shoppers will see all year - but only for a short time, spokesperson for Hilco Consumer - Retail said. "Customers who want the best selection on furniture, décor, and seasonal finds should shop early before the most popular items disappear." More Retail: Walmart makes drastic change to fight theft amid worrying trendTarget has new plan to win back customers with big savingsHome Depot makes clear statement amid boycott threatsFamous retail chain makes two more alarming store closures The stores are expected to close by the end of September. No coupons, discounts, or returns will be accepted. Sale prices may continue to decrease as the closure dates approach. Gift cards, however, will be accepted through August 14, 2025. At Home is trying to aggressively improve its business outlook. Following a Restructuring Support Agreement (RSA), At Home will transition ownership to Redwood Capital Management, Farallon Capital, and Anchorage Capital Advisors. The company plans to reduce costs, eliminate debt, close financially underperforming stores, and source products from countries other than China, which has been hit particularly hard by tariffs. At Home will start sourcing goods and materials from Vietnam, India, and Turkey. Brad Weston, CEO of At Home, said that the bankruptcy process is expected to turn things around on the business side of things, but that it shouldn't be too jarring for customers. He added that the bankruptcy and restructuring process "will help strengthen the business in the long term" while "most stores will continue to operate," despite the recent string of closures, per News radio WFLA. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
