At Home to close 26 stores
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At Home said in a bankruptcy filing that it has been facing numerous challenges, including a challenging commercial environment, inflation, and concerns over unsustainable customs costs resulting from increased tariffs, as well as reduced foot traffic in stores, and heightened competition.
Big-box retailer has struck a deal with lenders to eliminate almost all of its nearly $2 billion in funded debt and has secured around $200 million in capital to support its operations.
At Home is the next retail chain to file for Chapter 11 bankruptcy. The home decor chain has over 260 stores across the U.S. and eight in Indiana.