Popular home goods chain should survive bankruptcy as it closes 31 stores
The major home decor chain At Home is emerging from bankruptcy after a federal court approved the company’s restructuring plan.
Back in June, the Texas-based retailer filed for Chapter 11 bankruptcy due to “broader economic and retail-specific market pressures” — including rising interest rates, inflation and increased tariffs, according to court documents.
On Oct. 1 the U.S. Bankruptcy Court for the District of Delaware confirmed At Home’s plan of reorganization, which will allow the chain to reemerge from bankruptcy and continue operations “in the coming weeks,” a statement from the company explains.
“We are pleased to have reached this important milestone in our efforts to position At Home for future success,” Chief Executive Officer of At Home Brad Weston said in the statement. “Thanks to the hard work of our team over the last few months, we have now accomplished all that we set out to achieve at the beginning of this process.”
Under the terms of the plan, At Home is expected to eliminate all of its nearly $2 billion in debt and have access to roughly $500 million under an asset-based loan.
This plan still means that At Home will be shuttering 31 of its 200 stores as part of a “fully optimized store fleet,” the company explained.
A list of store closures is below, according to At Home’s website.
California
- 1982 E. 20th St., Chico
- 2200 Harbor Blvd., Costa Mesa
- 2900 N. Bellflower Blvd., Long Beach
- 3795 E. Foothills Blvd., Pasadena
- 8320 Delta Shores Circle S., Sacramento
- 750 Newhall Drive, San Jose
- 26532 Towne Center Drive Suites A-B, Foothill Ranch
- 2505 El Camino Real, Tustin
Florida
- 14585 Biscayne Blvd., North Miami
Illinois
- 13180 S. Cicero Ave., Crestwood
- 2100 S. Randall Road, Geneva
- 101 Randall Road, Lake in the Hills
- 5203 W. War Memorial Drive, Peoria
Indiana
- 3175 W. Third St., Bloomington
Iowa
- 3271 Marketplace Drive, Council Bluffs
Massachusetts
- 571 Boston Turnpike, Shrewsbury
Michigan
- 3100 Washtenaw Ave., Ypsilanti
Minnesota
- 2820 Highway 63 South, Rochester
Montana
- 905 S. 24th St. W., Billings
New Jersey
- 461 Route 10 East, Ledgewood
- 1361 N.J. 35, Middletown Township
- 2341 N.J. 66, Ocean Township
New York
- 300 Baychester Ave., Bronx
- 6135 Junction Blvd., Rego Park
- 5101 Fashion Drive, Nanuet
Pennsylvania
- 720 Clairton Blvd., Pittsburgh
Utah
Virginia
- 8300 Sudley Road, Manassas
Washington
- 1001 E. Sunset Drive, Bellingham
- 2530 Rudkin Road, Yakima
Wisconsin
Additionally, At Home is closing six non-operation locations in St. Paul, Minnesota, Redding, California, Salem and Clackamas in Oregon, Everett and Lacey in Washington.
“We will continue to assess our current store leases with a focus on increasing profitability moving forward,” the company wrote on its website. “The majority of our stores will remain open and we are continuing to operate in the normal course of business and provide exceptional value through affordable design and decorating solutions both in-store and online.”
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