At Home, the home goods retailer, has filed for Chapter 11 bankruptcy protection and announced the closure of 26 stores as it tries to recover from a slowdown in sales and the effects of inflation and tariffs.
The company in Coppell, Texas, said five of its outlets in the Los Angeles region are marked for closure, including stores in Tustin, Costa Mesa, Pasadena, Foothill Ranch and Long Beach. It will also be shuttering outlets in San José, Sacramento and other areas.
At Home has signed a restructuring agreement with lenders to eliminate its nearly $2-billion debt and secure $200 million in capital to support its restructuring process…