At Home to Close 24 Stores by September 30 Amid Bankruptcy proceedings
At Home,the home dรฉcor retailer,is set to shutter 24 of its locations by September 30 of this year as part of its ongoing bankruptcy proceedings. The company filed for bankruptcy due to a confluence of economic pressures, including rising interest rates, persistent inflation, and escalating customs costs stemming from increased tariffs. These factors have contributed to sub-optimal performance levels for a number of its brick-and-mortar stores.
The impending closures will impact stores across several states:
California: San Jose (750 Newhall Drive), Tustin (2505 El Camino Real), Costa Mesa (2200 Harbor boulevard), Pasadena (3795 E. Foothills boulevard),Chico (1982 E. 20th St.), Foothill Ranch (26532 Towne Center Drive, Suites A-B), Long Beach (2900 N. Bellflower Boulevard), and yakima, Washington (2530 Rudkin Road).
New york: Rego Park (6135 Junction Boulevard) and Bronx (300 Baychester Ave.). Florida: North Miami (14585 Biscayne Boulevard).
Minnesota: Rochester (2820 Highway 63 South). Washington: Bellingham (1001 E. Sunset Drive) and Yakima (2530 rudkin Road).
New Jersey: Middletown Township (1361 NJ-35) and Ledgewood (461 Route 10 East).
Pennsylvania: Pittsburgh (720 Clairton Boulevard). Massachusetts: Shrewsbury (571 Boston Turnpike) and Dedham (300 Providence Highway).
Illinois: Peoria (5203 W.War Memorial drive) and Crestwood (13180 S. Cicero Ave.).
Virginia: Manassas (8300 Sudley Road) and Leesburg (19460 Compass Creek Parkway).
* Montana: Billings (905 S 24th St. West).This latest round of closures follows the shuttering of six at Home stores over the past year. The company’s financial restructuring will result in a transfer of ownership to a consortium of New York city and San Francisco-based hedge funds and investment firms, a move intended to position the business for long-term success. The challenges faced by At Home are indicative of broader difficulties within the retail sector, notably for businesses with significant physical footprints.