Since it filed for Chapter 11 bankruptcy protection on June 16, At Home Group has followed a bumpy path. The chain has announced store closures, then rolled back some of the planned closings.
It has also entered into a plan that should ensure that at least some of the chain’s stores will survive. The agreement, however, still needs court approval, and only 95% of the chain’s creditors have agreed to it.
Related: Bankrupt home goods chain cancels store location closings
“The company has entered into a Restructuring Support Agreement (RSA) with lenders holding more than 95% of the company’s debt that sets forth terms of a prearranged financial restructuring that will eliminate substantially all of the Company’s nearly $2 billion in funded debt and provide a capital infusion of $200 million to support the company through its restructuring process and beyond,” At Home Group shared.
Once the deal received court approval, the company expects there will be a transition of ownership of At Home to the lenders supporting the RSA and providing the company with new capital, including funds affiliated with Redwood Capital Management, LLC, Farallon Capital Management, L.L.C., and Anchorage Capital Advisors, L.P.
At Home’s new funding deal
Restructuring support agreement with key financial stakeholders to eliminate substantially all $2 billion of company’s funded debt Provide $200 million in new CapitalAt Home initiates voluntary court-supervised process to Implement terms of agreementSecures commitment for $600 million in Debtor-in-Possession financing to support continued operationsContinuing to serve customers in-store and online
Going out of business sales are underway at many At Home stores.
Image source: Hanna Lassen/Getty Images
At Home still closing stores
At Home Group made a deal with Hilco Consumer to conduct going out of business sales at whatever locations it chooses to close.
“These stores are offering some of the best deals shoppers will see all year — but only for a short time,” said a spokesperson for Hilco Consumer. “Customers who want the best selection on furniture, décor, and seasonal finds should shop early before the most popular items disappear.”
These At Home Group stores are closing
California
750 Newhall Dr, San Jose2505 El Camino Real, Tustin2200 Harbor Blvd, Costa Mesa3795 E Foothills Blvd, Pasadena1982 E 20th St, Chico26532 Towne Center Drive Suites A-B, Foothill Ranch8320 Delta Shores Circle S., Sacramento2900 N Bellflower Blvd, Long Beach
Florida
14585 Biscayne Blvd, North Miami
Illinois
13180 S Cicero Avenue, Crestwood5203 W War Memorial Dr., Peoria101 Randall Rd., Lake in the Hills
Indiana
3175 W. 3rd St., Bloomington
Iowa
3271 Market Place Dr., Council Bluffs
Massachusetts
571 Boston Turnpike, Shrewsbury300 Providence Highway, Dedham
Michigan
3100 Washtenaw, Ypsilanti
Minnesota
2820 Hwy 63 South, Rochester
Montana
905 S 24th Street W, Billings
New Jersey
1361 NJ-35, Middletown Township461 Route 10 East, Ledgewood2341 Route-66, Ocean Township
New York
6135 Junction Blvd, Rego Park300 Baychester Ave, Bronx
Pennsylvania
720 Clairton Blvd, Pittsburgh
Utah
190 South 500 West, West Bountiful
Virginia
19460 Compass Creek Pkwy, Leesburg8300 Sudley Rd., Manassas
Washington
1001 E Sunset Drive, Bellingham2530 Rudkin Road, Yakim
Source: The US Sun
At Home Group shares key closing deals
Tariffs have been a big part of At Home Group’s problem, as 90% of its goods come from overseas.
“While At Home has had to deal with tariffs for some time given the nature of its business, the volatility of the current tariff environment came at a time when the management team was working to address the company’s existing issues,” the company shared in a court filing. “These newly imposed tariffs and the uncertainty of ongoing U.S. trade negotiations intensified the financial pressure on the company, accelerating the need for a comprehensive solution.”
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The challenge is that once the company emerges from Chapter 11 bankruptcy, it faces an uncertain operating climate.
“These dynamics are unlikely to change in the near term,” GlobalData Managing Director Neil Saunders told RetailDive.
The company will be closing underperforming stores and shared how that will work.
Key At Home Group store closing rules
Up to 30% off storewide.Only in-store discounts are valid; coupons and other non-employee discounts will not be applied in addition to sale prices at closing stores.All sales final on purchases made on or after August 1, 2025.Gift cards and returns are no longer being accepted.Store fixtures and equipment are also for sale.All stores will remain open during their normal operating hours until closure.
“With many of its products sourced overseas, At Home was particularly vulnerable to the impact of rising tariffs on imported goods, driving up inventory costs at a time when inflation was already cutting into consumer discretionary spending,” Creditsafe Head of Brand Ragini Bhalla told TheStreet via email.
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