At Home, a well-known home goods retailer, is facing significant financial challenges, leading to the closure of multiple stores across the United States. The company has confirmed that 30 locations will close by September 30, following a recent bankruptcy filing. The closures are part of a broader effort to address financial pressures, including a significant sales slump and mounting debt.
According to The US Sun, the company has partnered with a liquidation firm to offer customers substantial discounts on various products before these locations shut down. These steps are intended to help the company navigate its ongoing financial restructuring.
Store Closures Amid Financial Struggles
At Home, a popular home goods retail chain, has confirmed the closure of 30 of its stores by September 30. This move follows the company’s bankruptcy filing earlier in June. Known for its broad selection of products, including furniture, lighting, and home decor, At Home has become a household name for affordable home essentials.
However, with increasing financial challenges, including nearly $2 billion in debt, the retailer has been forced to shutter stores across 15 states, such as California, Florida, Illinois, and Indiana.
The closures are part of a broader restructuring strategy after the company’s bankruptcy filing. As a result, At Home is offering a massive “everything must go” sale in the affected locations, with up to 30% off a wide range of products.
These six stores are offering some of the best deals shoppers will see all year – but only for a short time – a spokesperson for Hilco Consumer – Retail, the firm handling the liquidation, said in a press release.
Customers who want the best selection on furniture, décor, and seasonal finds should shop early before the most popular items disappear.
Bankruptcy Filing and Economic Pressures
In a statement, At Home’s CEO, Brad Weston, admitted that the company is
Operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs.
These economic pressures, combined with inflation, which has raised store prices and made consumers more cautious, have severely impacted At Home’s sales.
The company’s dependency on imported goods, especially from China, has been another major challenge. Higher tariffs and shipping costs have driven up product prices, further deterring price-sensitive customers.
At Home is now taking steps to improve our ability to compete in the marketplace in the face of continued volatility and increase the resilience of our business for the long term – Weston added.
A Long Road to Recovery and Restructuring
Despite these hurdles, At Home remains committed to turning around its operations. As part of its bankruptcy proceedings, the company has secured $200 million in funding to continue running its business while it restructures. While the closure of 30 stores is a significant blow, At Home plans to emerge from the bankruptcy process stronger and more financially stable.
When that happens, At Home will move forward with new owners and a meaningfully strengthened balance sheet – said Weston.
The company’s bankruptcy restructuring aims to eliminate billions of dollars in debt, which is a crucial step for its survival. Throughout this process, At Home will continue to fulfill orders, run its loyalty program, and pay vendors. Once the restructuring is complete, At Home expects to return to the market with a healthier balance sheet, which could help it compete better in the changing retail landscape.
Wider Retail Trends and Consumer Challenges
At Home’s struggles are not unique. Many other retailers, including JCPenney and Bed Bath & Beyond, have faced similar challenges in recent years. The broader retail industry is experiencing significant changes due to shifting consumer behaviors, inflation, and rising supply chain costs. Furthermore, the economic strain caused by rising living costs is affecting customers across many sectors.
In the UK, for instance, 57% of households reported an increase in their cost of living in January 2025, with essential items like food, utilities, mortgages, and rents all rising in price.
This has forced many families to rely on food banks for the first time, as financial pressures continue to mount. The rising cost of essentials is also impacting students, who are struggling to manage their finances while pursuing their education.
These factors contribute to a broader retail environment where consumers are becoming more cautious and selective in their spending. As more brands like At Home face financial turbulence, the future of traditional brick-and-mortar stores remains uncertain, with many companies reassessing their strategies to stay competitive.
At Home’s move to restructure, while painful in the short term, could provide a model for other businesses to adapt to the evolving retail challenges.
These six stores are offering some of the best deals shoppers will see all year – but only for a short time
A spokesperson for Hilco Consumer – Retail said once again, emphasizing the urgency for customers to take advantage of the sales before the most popular items disappear.
