At Home Bankruptcy: Store Closures and Debt Elimination

At Home, a major home decor and furniture retailer, has filed for Chapter 11 bankruptcy due to inflation, rising interest rates, decreased consumer spending, and increased tariffs—especially on Chinese imports. The company plans to close 26 underperforming stores by September 30, 2025, though additional closures may occur, with Ohio stores not currently impacted. As part of its restructuring, At Home will eliminate nearly $2 billion in debt and receive a $200 million cash infusion to support ongoing operations. Ownership is expected to transfer to its lenders, rather than to a consortium of investment firms. The bankruptcy reflects a wider trend of retail bankruptcies in the U.S., including at Big Lots and Joann Fabrics. At Home aims to continue serving customers as it seeks long-term financial stability.