At Home Retailer Announces Store Closures in California Amid Bankruptcy Restructuring
California’s At Home, a prominent home furniture and decor retailer, will close a significant number of its stores in the state as it finalizes its Chapter 11 bankruptcy proceedings. This decision affects eight locations in California, part of a larger initiative that will see 29 stores shut down across the country in September.
Details of Store Closures
Among the eight California locations set to close are:
- 750 Newhall Dr., San Jose
- 2505 El Camino Real, Tustin
- 2200 Harbor Blvd., Costa Mesa
- 3795 E. Foothills Blvd., Pasadena
- 1982 E. 20th St., Chico
- 26532 Towne Center Dr., Suites A-B, Foothill Ranch
- 2900 N. Bellflower Blvd., Long Beach
- 8320 Delta Shores Circle South, Sacramento
Initially, At Home announced plans to close 26 stores by September 30, recently expanding that number by adding three more locations.
Financial Challenges and Restructuring
The decision to close stores in California, where At Home once had 13 locations, is attributed to a challenging retail environment and increasing macroeconomic pressures, including higher tariffs. These issues have significantly impacted the retailer’s revenue and cost structure.
Currently, At Home operates 260 stores nationwide after reducing its footprint by six locations over the past year. The company employs nearly 7,200 people across the country. Following the bankruptcy filing, At Home’s ownership will transfer to a group of hedge funds based in New York City and San Francisco, which now manage more than 95% of the company’s debt.
Brad Weston, the Chief Executive Officer of At Home, expressed optimism regarding the restructuring: “We are pleased to have reached this agreement with our lenders, which represents a critical and positive advancement of our work to best position At Home for the future.”
Remaining Stores and Going-Out-of-Business Sales
While several stores will be closing, At Home will continue operations at other locations throughout California, including stores in Riverside, Temecula, and San Diego. The company has initiated going-out-of-business sales at the locations slated for closure.
Conclusion
The upcoming store closures reflect broader challenges within the retail sector, as major retailers like At Home, Big Lots, Joann Fabrics, and Kohl’s announce significant business adjustments this year. As consumers adjust to changing market conditions, the future of brick-and-mortar retailers may continue to evolve.
For more updates on significant retail changes or tips for home decor and furnishing, visit our blog at ChatbiHouse.
