People tend to say not to believe everything they hear, unless it comes straight from the horse’s mouth.
However, this big-box retailer began abruptly closing multiple locations. As rumors of bankruptcy started to swirl, many loyal customers began to worry about the future of this beloved chain.
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Everyone’s mom had a retailer they were utterly obsessed with, and we were forced to tag along as their personal bag carriers for what felt like hours.Â
Although we might have hated it as teens, many of us grew to love these stores as adults, causing nostalgia every time we enter their doors.
Related: Huge HomeGoods rival files Chapter 11 bankruptcy, closes stores
Founded in 1979, At Home, previously known by loyal fans as Garden Ridge, is a home decor and furnishing retail chain with 260 locations in 40 states.
Sadly, the lessons here are that we must never take things for granted, because the rumors turned out to be true.
At Home will close 26 store locations nationwide.
Image source: Shutterstock
Another big box retailer files for Chapter 11 bankruptcy
At Home filed for Chapter 11 bankruptcy on June 16 in the U.S. Bankruptcy court for the District of Delaware, citing unsustainable costs due to tariffs and a slowdown in consumer spending as the main reasons.
As part of the filing, the retail chain has entered a Restructuring Support Agreement (RSA) with stakeholders to eliminate nearly $2 billion in funded debt and provide $200 million in financing to support the retailer through its restructuring process.
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Once At Home emerges from the RSA, ownership is expected to transition to the supporting lenders to improve At Home’s overall profitability and finances.
“The steps we are taking today to fully de-lever our balance sheet will improve our ability to compete in the marketplace in the face of continued volatility and increase the resilience of our business for the long term,” stated At Home in a press release.
A list of the 26 At Home stores closing
As a result of the filing, At Home will permanently close 26 underperforming stores by September 30, according to court documents.
Related: Bankrupt retail chain makes major comeback, reopens new stores
Here is a list of all locations on the chopping block:
6135 Junction Boulevard in Rego Park, New York300 Baychester Ave. in Bronx, New York750 Newhall Drive in San Jose, California2505 El Camino Real in Tustin, California14585 Biscayne Boulevard in North Miami, Florida2200 Harbor Boulevard in Costa Mesa, California3795 E. Foothills Boulevard in Pasadena, California1982 E. 20th St. in Chico, California2820 Highway 63 South in Rochester, Minnesota26532 Towne Center Drive Suites A-B in Foothill Ranch, California1001 E. Sunset Drive in Bellingham, Washington8320 Delta Shores Circle South in Sacramento, California1361 NJ-35 in Middletown Township, New Jersey2900 N. Bellflower Boulevard in Long Beach, California720 Clairton Boulevard in Pittsburgh, Pennsylvania2530 Rudkin Road in Yakima, Washington571 Boston Turnpike in Shrewsbury, Massachusetts5203 W. War Memorial Drive in Peoria, Illinois8300 Sudley Road in Manassas, Virginia461 Route 10 East in Ledgewood, New Jersey301 Nassau Park Boulevard in Princeton, New Jersey300 Providence Highway in Dedham, Massachusetts905 S 24th St. West in Billings, Montana19460 Compass Creek Parkway in Leesburg, Virginia3201 N. Mayfair Road in Wauwatosa, Wisconsin13180 S. Cicero Ave. in Crestwood, Illinois
“As we work through this process, our stores and the teams that support them remain customer focused and committed to serving and inspiring customers, enabling them to Design Their Life At Home,” said At Home in the press release.Â
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