(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.
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“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.
A customer enters an At Home store in the Rego Center Mall, in Queens, New York, in 2024. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images)
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:
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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
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The court documents indicated that additional “underperforming” stores closings may be closing amid restructuring “in the near future.”