At Home Group Announces Store Closures Amid Bankruptcy Proceedings
Coppell, Texas — As part of its ongoing Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware, At Home Group, a leading home décor retailer, has identified 26 out of its 260 locations for closure. This announcement comes at a time when the retailer is grappling with significant economic challenges.
Reasons Behind Bankruptcy Filing
The home décor specialist filed for bankruptcy on June 16, citing a difficult commercial landscape influenced by external economic pressures. Increased interest rates, ongoing inflation, and the rising costs associated with customs tariffs have severely impacted both its revenue and cost structure. The company lists its estimated assets and liabilities between $1 billion and $10 billion, with the number of creditors estimated between 10,001 to 25,000.
Details of Store Closures
From the selected stores, closures are widespread across several states:
- California: 8 stores
- New Jersey: 3 stores
- New York: 2 stores
- Washington: 2 stores
- Massachusetts: 2 stores
- Illinois: 2 stores
- Virginia: 2 stores
- Florida, Minnesota, Pennsylvania, Montana, Wisconsin: 1 store each
At Home Group has indicated the possibility of further closures as their bankruptcy case progresses.
List of Affected Stores by State
Here’s a detailed list of the stores slated for closure:
-
New York:
- Rego Park
- Bronx
-
California:
- San Jose
- Tustin
- Costa Mesa
- Pasadena
- Chico
- Foothill Ranch
- Sacramento
- Long Beach
-
Florida:
- North Miami
-
Minnesota:
- Rochester
-
Washington:
- Bellingham
- Yakima
-
New Jersey:
- Middletown Township
- Ledgewood
- Princeton
-
Pennsylvania:
- Pittsburgh
-
Massachusetts:
- Shrewsbury
- Dedham
-
Illinois:
- Peoria
- Crestwood
-
Virginia:
- Manassas
- Leesburg
-
Montana:
- Billings
- Wisconsin:
- Wauwatosa
Conclusion
In conclusion, At Home Group’s decision to close these locations is part of a broader strategy to navigate through financial difficulties. As the situation evolves, the potential for more closures remains, underscoring the retailer’s struggles in the current economic climate. For more details on the impacted stores, you can read about it here.
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