At Home, a major home decor retailer, has filed for Chapter 11 bankruptcy due to significant financial difficulties, including rising tariff costs, inflation, and dwindling store traffic. The company, operating 260 locations across the U.S. and owned by Hellman & Friedman, has struck an agreement with lenders aimed at alleviating its $2 billion debt while securing $200 million in interim financing. This move reflects broader challenges in the retail sector, with several home goods stores like Big Lots also filing for bankruptcy, highlighting a shift in consumer behavior and increasing competition.
CEO Brad Weston stated that At Home is navigating the impact of tariffs and reorganizing to compete in a rapidly evolving, volatile marketplace.
The brand's struggles have led to reduced foot traffic, heightened competition, and a disparity between inventory and customer demand.
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