(NEXSTAR) – At Home, a Texas-based home décor chain with 260 stores in 40 states, has filed for Chapter 11 bankruptcy protection amid a restructuring of the company.
At Home Group, Inc., announced the move on Monday, adding that the company plans to undergo “a transition of ownership” after the restructuring process.
At Home is currently seeking to get rid of almost $2 billion in debt, according to a press release issued Monday. A group of lenders have also extended $200 million in funding to keep operations running amid the restructuring process, according to At Home.
“We are grateful to be moving forward with significant support from our financial stakeholders, which demonstrates their confidence in our business and our future strategy,” CEO Brad Weston said in the release. “Upon emergence from the prearranged restructuring process, At Home will move forward with new owners and a meaningfully strengthened balance sheet.”
Weston, in his statement, also acknowledged the role that tariffs have played in At Home’s operating expenses. Court documents indicate that the company was also facing financial strain due to inflation, competition from similar retailers and a reduction in foot traffic at stores.
“While we have made significant progress advancing our initiatives to date, we are operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs,” Weston said.
Court documents filed with the U.S. Bankruptcy Court for the District of Delaware lists dozens of locations where At Home is seeking to close stores:
California
- Chico – 1982 E. 20th Street
- Costa Mesa – 2200 Harbor Boulevard
- Foothill Ranch – 26532 Towne Center Drive, Suites A–B
- Long Beach – 2900 N. Bellflower Boulevard
- Pasadena – 3795 E. Foothills Boulevard
- Sacramento – 8320 Delta Shores Circle
- San Jose – 750 Newhall Drive
- Tustin – 2505 El Camino Real
Florida
- North Miami – 14585 Biscayne Boulegard
Illinois
- Peoria – 5203 W. War Memorial Drive
- Crestwood – 13180 S. Cicero Avenue
Massachusetts
- Dedham – 300 Providence Highway
- Shrewsbury – 571 Boston Turnpike
Minnesota
- Rochester – 2820 Highway 63 South
Montana
- Billings – 905 S. 24th Street West
New Jersey
- Ledgewood – 461 Route 10 East
- Middletown Township – 1361 NJ-35
- Princeton – 301 Nassau Park Boulevard
New York
- Bronx (NYC) – 300 Baychester Avenue
- Rego Park (NYC) – 6135 Junction Boulevard
Pennsylvania
- Pittsburgh – 720 Clairton Boulevard
Washington
- Bellingham – 1001 E. Sunset Drive
- Yakima – 2530 Rudkin Road
Wisconsin
- Wauwatosa – 3201 North Mayfair Road
Virginia
- Leesburg – 19460 Compass Creek Parkway
- Manassas – 8300 Sudley Road
The court documents indicated that additional “underperforming” stores closings may be closing amid restructuring “in the near future.”
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