At Home to close 26 stores
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At Home said in a bankruptcy filing that it has been facing numerous challenges, including a challenging commercial environment, inflation, and concerns over unsustainable customs costs resulting from increased tariffs, as well as reduced foot traffic in stores, and heightened competition.
Big-box retailer has struck a deal with lenders to eliminate almost all of its nearly $2 billion in funded debt and has secured around $200 million in capital to support its operations.
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Home decor brand to close Peoria storefront and other 'underperforming' locationsListed among the coming closures is the location at 5203 W. War Memorial Drive in Peoria – which opened at The Shoppes at Grand Prairie in late June 2022. A storefront in Crestwood, Illinois, is also set to close. At Home expects to complete the initial closures by Sept. 30.