At Home Retailer Files Chapter 11, Seeks Debt Relief Amid Tariff Impact

At Home, a Dallas-based home goods retailer with 260 stores across 40 states, has filed for Chapter 11 bankruptcy amid challenges from tariff increases, debt burdens, and declining consumer spending. The company entered an agreement with lenders to eliminate nearly $2 billion in debt and secure $200 million in fresh funding to support operations during restructuring. CEO Brad Weston cited a rapidly evolving trade environment and the impact of tariffs, particularly on imports from China, as significant factors affecting the business. While tariffs once reached as high as 145%, recent agreements have temporarily lowered them to 30%, but the uncertainty continues to impact the supply chain and costs. Industry analysts also point to At Home's weak market differentiation and extensive debt as key issues, with competition from retailers like Ikea and Wayfair intensifying. The company plans to continue operating but is expected to close about 20 stores during the restructuring process.