Furniture retailer At Home is facing a potential bankruptcy, according to a report by The Wall Street Journal.
At Home Group is planning to hand over the current business operations to creditors amid financial uncertainty and difficulty recovering from debt.
The furniture retailer has faced financial difficulties due to mounting debt payments, with the company considering several options, including bankruptcy.
At Home’s debt is valued at approximately $2 billion, according to reports.
According to sources, the additional tariffs from President Donald Trump have created further financial issues for the company due to the uncertainty in the supply chain, as many of the products sold are imported.
Retailers are currently dealing with a change in policies surrounding imported goods and tariffs, which may affect companies’ operations.
It joins a number of brands facing challenges because of rising economic pressures brought by Trump’s tariffs, with many companies downsizing their brick-and-mortar fleet and others filing for bankruptcy protection.
At Home was founded in Schertz, Texas, in the late 1970s by Eric White before being sold in 1988. However, the company first filed for bankruptcy in 2004 and has since struggled to find its financial footing. It was acquired by Hellman & Freedman for $2.8 billion in 2021.
At Home currently operates around 250 stores in 40 states and offers a product assortment of around 45,000 home décor pieces.
The furniture giant has not released an official comment on its decision to potentially file for bankruptcy.
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