Home Goods Retailer Sets Closing Sale for 31 Stores in Bankruptcy

Since it filed for Chapter 11 bankruptcy protection on June 16, At Home Group has followed a bumpy path. The chain has announced store closures, then rolled back some of the planned closings.

It has also entered into a plan that should ensure that at least some of the chain's stores will survive. The agreement, however, still needs court approval, and only 95% of the chain's creditors have agreed to it.

“The company has entered into a Restructuring Support Agreement (RSA) with lenders holding more than 95% of the company’s debt that sets forth terms of a prearranged financial restructuring that will eliminate substantially all of the Company’s nearly $2 billion in funded debt and provide a capital infusion of $200 million to support the company through its restructuring process and beyond,” At Home Group shared.

Once the deal received court approval, the company expects there will be a transition of ownership of At Home to the lenders supporting the RSA and providing the company with new capital, including funds affiliated with Redwood Capital Management, LLC, Farallon Capital Management, L.L.C., and Anchorage Capital Advisors, L.P.

At Home's new funding deal

Restructuring support agreement with key financial stakeholders to eliminate substantially all $2 billion of company’s funded debt
Provide $200 million in new Capital
At Home initiates voluntary court-supervised process to Implement terms of agreement
Secures commitment for $600 million in Debtor-in-Possession financing to support continued operations
Continuing to serve customers in-store and online

Going out of business sales are underway at many At Home stores.

Image source: Hanna Lassen/Getty Images

At Home still closing stores

At Home Group made a deal with Hilco Consumer to conduct going out of business sales at whatever locations it chooses to close.

“These stores are offering some of the best deals shoppers will see all year — but only for a short time,” said a spokesperson for Hilco Consumer. “Customers who want the best selection on furniture, décor, and seasonal finds should shop early before the most popular items disappear.”

These At Home Group stores are closing

California

750 Newhall Dr, San Jose
2505 El Camino Real, Tustin
2200 Harbor Blvd, Costa Mesa
3795 E Foothills Blvd, Pasadena
1982 E 20th St, Chico
26532 Towne Center Drive Suites A-B, Foothill Ranch
8320 Delta Shores Circle S., Sacramento
2900 N Bellflower Blvd, Long Beach

Florida

14585 Biscayne Blvd, North Miami

Illinois

13180 S Cicero Avenue, Crestwood
5203 W War Memorial Dr., Peoria
101 Randall Rd., Lake in the Hills

Indiana

3175 W. 3rd St., Bloomington

Iowa

3271 Market Place Dr., Council Bluffs

Massachusetts

571 Boston Turnpike, Shrewsbury
300 Providence Highway, Dedham

Michigan

3100 Washtenaw, Ypsilanti

Minnesota

2820 Hwy 63 South, Rochester

Montana

905 S 24th Street W, Billings

New Jersey

1361 NJ-35, Middletown Township
461 Route 10 East, Ledgewood
2341 Route-66, Ocean Township

New York

6135 Junction Blvd, Rego Park
300 Baychester Ave, Bronx

Pennsylvania

720 Clairton Blvd, Pittsburgh

Utah

190 South 500 West, West Bountiful

Virginia

19460 Compass Creek Pkwy, Leesburg
8300 Sudley Rd., Manassas

Washington

1001 E Sunset Drive, Bellingham
2530 Rudkin Road, Yakim

Source: The US Sun

At Home Group shares key closing deals

Tariffs have been a big part of At Home Group's problem, as 90% of its goods come from overseas.

“While At Home has had to deal with tariffs for some time given the nature of its business, the volatility of the current tariff environment came at a time when the management team was working to address the company’s existing issues,” the company shared in a court filing. “These newly imposed tariffs and the uncertainty of ongoing U.S. trade negotiations intensified the financial pressure on the company, accelerating the need for a comprehensive solution.”

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The challenge is that once the company emerges from Chapter 11 bankruptcy, it faces an uncertain operating climate.

“These dynamics are unlikely to change in the near term,” GlobalData Managing Director Neil Saunders told RetailDive.

The company will be closing underperforming stores and shared how that will work.

Key At Home Group store closing rules

Up to 30% off storewide.
Only in-store discounts are valid; coupons and other non-employee discounts will not be applied in addition to sale prices at closing stores.
All sales final on purchases made on or after August 1, 2025.
Gift cards and returns are no longer being accepted.
Store fixtures and equipment are also for sale.
All stores will remain open during their normal operating hours until closure.

“With many of its products sourced overseas, At Home was particularly vulnerable to the impact of rising tariffs on imported goods, driving up inventory costs at a time when inflation was already cutting into consumer discretionary spending,” Creditsafe Head of Brand Ragini Bhalla told TheStreet via email.