At Home Files Bankruptcy, Plans 26 Store Closures Across 12 States

At Home, a Texas-based home goods retailer with over 260 stores across 40 states, has filed for Chapter 11 bankruptcy due to slower consumer spending, high inflation, increased interest rates, and significant tariffs imposed during President Trump's administration. The company plans to close 26 underperforming stores, including three locations in New Jersey, with potential for more closures as restructuring continues. Despite these challenges, At Home aims to continue operating normally and has secured a restructuring agreement with lenders to eliminate nearly $2 billion in debt and receive $200 million in funding to maintain operations during bankruptcy. CEO Brad Weston expressed optimism about the company’s future, emphasizing efforts to improve sales growth, inventory management, and profitability while adjusting to a volatile trade environment. The tariffs, particularly on Chinese imports which make up a large portion of At Home's inventory, have heavily impacted the retailer’s cost structure and competitiveness. At Home's bankruptcy reflects broader difficulties facing retail chains amid economic pressures and changes in consumer behavior.