At Home Keeps Two Stores Open, Closes 24 Amid Bankruptcy Restructuring

At Home, a home décor and furniture retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on June 16, citing broader economic pressures including rising interest rates, persistent inflation, and increased customs fees from tariffs. Initially planning to close 26 underperforming stores by September 30, the company has reversed course to keep two locations open: one in Princeton, New Jersey, and another in Wauwatosa, Wisconsin. Despite this adjustment, 24 stores, including two in New Jersey and seven in California, remain scheduled for closure. The restructuring plan involves transferring ownership to hedge funds and investment companies based in New York City and San Francisco, aiming to eliminate nearly $2 billion in debt and secure $200 million in new funding. At Home joins other major retailers like Big Lots, JoAnn Fabrics, and Party City that have also filed for bankruptcy this year. The company emphasizes its commitment to serving customers throughout the restructuring process.