Is At Home considering a bankruptcy filing?
The retailer is reportedly exploring options to cut down debt while navigating the new importing landscape.
PLANO, Texas — The Wall Street Journal is reporting that retailer At Home Group is considering numerous options for tackling debt, including a possible bankruptcy filing.
According to the April 10 report, which cites information from people close to the matter, the Plano, Texas-based home décor specialist is reportedly evaluating several debt reduction strategies, including negotiating with landlords and creditors to restructure nearly $2 billion in debts.
The report notes that tariffs, including the 145% rate on imports from China, have added to the company’s financial pressures, as much of its product assortment is imported.
The Street is reporting that At Home is working with investment bank PJT Partners and operational advisor AlixPartners LLP as it works through the matter.
The brand was acquired by private equity firm Hellman & Friedman for $2.8 billion in 2021. At the end of 2023, longtime CEO Lee Bird left the business after 11 years at the helm. During that time, he oversaw the company’s expansion from 58 stores and $364 million in revenue to 268 stores and nearly $2 billion in revenue and led the rebranding of the company, which was formerly known as Garden Ridge.
Brad Weston, a retail veteran with more than 30 years of experience, has served as CEO since June 2024.
At Home declined to comment.
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