(NEXSTAR) – Three months after filing for bankruptcy, Texas-based home decor chain At Home is preparing to close more than two dozen stores before the end of the year.
At Home Group, Inc., announced in June that it was working to restructure the company with plans to undergo “a transition of ownership” after completing the process. At the time, At Home had almost $2 billion in debt.
CEO Brad Weston, in a press release, acknowledged the role that tariffs have played in At Home’s operating expenses. Court documents indicate that the company was also facing financial strain due to inflation, competition from similar retailers and a reduction in foot traffic at stores.
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“While we have made significant progress advancing our initiatives to date, we are operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs,” Weston said…