Dallas, Texas-based At Home, a home goods chain retailer offering home décor and furnishings, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, and proffered a financial restructuring plan aimed at ensuring the company’s long-term stability.
As part of the restructuring, At Home will close 26 underperforming stores, including eight stores in California, three locations in New Jersey, two locations in New York, Illinois, Massachusetts, Virginia, and Washington, and one store in Florida, Minnesota, and Pennsylvania. This will impact hundreds of employees.
According to a spokesperson, "This decision is a result of broader economic and retail-specific market pressures, including rising interest rates, persistent inflation, unsustainable customs costs due to increased tariffs, a slowdown in the home decor market, and shifting consumer preferences towards online shopping.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?