At Home, the big-box retail chain specializing in home furnishing, will be shuttering dozens of stores after filing for bankruptcy amid mounting debt and several economic headwinds.
In June, the company announced it would file for Chapter 11 protection to help eliminate $2 billion in debt and provide new funding to “support the company through its restructuring process and beyond.”
Newsweek has contacted At Home via its website for additional information on the store closures and its ongoing bankruptcy process.
Why It Matters
At Home is the most recent furnishings retailer to file for bankruptcy, following similar moves by Big Lots and True Value within the past year. This year has already been marked by a notable increase in bankruptcy filings, reflecting broader economic pressures for American businesses…