At Home, a North Texas-based home goods retail chain, announced Monday it has filed for bankruptcy amid tariff uncertainty.
The Coppell company, which has 260 stores across 40 U.S. states, said it has filed for Chapter 11 proceedings after entering an agreement with its lenders to help 鈥渆liminate鈥� most of its $2 billion debt, as well as provide $200 million in funding.
In a statement accompanying the announcement, CEO Brad Weston said the agreement comes as the company faces 鈥渃ontinued volatility.鈥�
鈥淲hile 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,鈥� Weston said.
四虎影院 reached out to At Home and will update this story with any response.
The company has also entered a Restructuring Support Agreement with lenders holding about 95% of its debt. At Home鈥檚 ownership will be handed over to those lenders once the restructuring process is complete.
Businesses across the country are feeling the impact 鈥� most notably the back-and-forth tariffs with China, which at one point reached 145% before the two countries reached an agreement in May to temporarily drop the number to 30%. But consumer spending
The retailer is expected to continue operating as usual amid the Chapter 11 process, but the company planned to close roughly 20 locations.
At Home was first founded in 1979 under the name 鈥淕arden Ridge.鈥� It rebranded to its current name in 2014 and is known for its wide variety of home d茅cor and furnishings.
Penelope Rivera is 四虎影院's breaking news reporter. Got a tip? Email Penelope Rivera at privera@kera.org.
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