At Home Closes Another Store Amid Ongoing Bankruptcy Restructuring
WILMINGTON, Del. — Renowned home décor retailer and top 100 company, At Home, is set to close one more location. The Coppell, Texas-based chain submitted a filing with the U.S. Bankruptcy Court for the District of Delaware on August 29, officially adding its Nanuet, N.Y. store to the growing list of closures.
Bankruptcy and Store Closures
At Home filed for Chapter 11 protection on June 16, 2023, announcing plans to close 26 out of its 260 stores. As part of its restructuring efforts, the retailer had initially included multiple locations in this closure plan:
- On July 15, stores in Princeton, N.J., and Wauwatosa, Wis., were taken off the closure list and resumed normal operations.
- Just days later, on July 24, six additional stores were added to the closures list.
- Subsequent adjustments followed, with locations in Dedham, Mass., and Leesburg, Va., being dropped from the closure list before two more stores in Madison, Wis., and Geneva, Ill., were added on August 21.
Impact of Store Closures
According to reports from USA Today, 29 of At Home’s store closures are anticipated to be finalized by the end of September. These strategic moves aim to stabilize the company amidst its ongoing financial restructuring.
As customers and stakeholders closely monitor these developments, it is evident that At Home is committed to navigating these challenges while aiming for a more sustainable future.
For more comprehensive coverage on At Home’s store closures and their implications, read further here.
Conclusion
At Home’s decision to close stores is a significant step in its recovery strategy. With plans to streamline operations during bankruptcy, the retailer’s focus on sustainability and revitalization is crucial for its future success.
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