Corporate bankruptcies have been on the rise since 2022, but the pace at which filings have been occurring has become alarming.
In fact, S&P Global Market Intelligence data through June showed this year has been an especially difficult one for companies across the U.S. The S&P 500 Global Market Intelligence data stated:
The fast pace of monthly U.S. corporate bankruptcies extended into June and put 2025 on track to be one of the busiest years for filings in more than a decade.
The report from S&P 500 Global Market Intelligence also listed the largest bankruptcies of the year.
One of the companies on that list, a popular retail store, has now announced that it has closed many of its stores – with more closures to come.
Once-popular retailer files for Chapter 11 bankruptcy
The affected store is At Home, a furniture and home decor retailer.
Unfortunately, this industry has been hit especially hard by economic conditions lately, and tariffs, combined with broader industry-specific challenges, have forced the company into bankruptcy.
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In fact, CEO Brad Weston said in a June press release:
While we have made significant progress advancing our initiatives to date, we are operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs.
At Home had almost $2 billion in debt at the time of the bankruptcy filing.
Dozens of At Home stores closed, with more to come
One key part of At Home’s reconstruction plan was to shut down underperforming stores. In fact, up to 30 stores were slated for closure, with court documents related to the bankruptcy stating:
Given the expenses associated with brick-and-mortar operation and the issues affecting the retail industry, a number of the (At Home) remaining stores are operating at sub-optimal performance levels.
The majority of the closures are expected to take place by September 30. With At Home operating around 260 stores pre-bankruptcy, this is around 10% of the total locations.
At Home stores that have closed already
Many At Home stores have already closed, including locations in:
California
Florida
Illinois
Massachusetts
Minnesota
Montana
New Jersey
New York
Pennsylvania
Virginia
Washington
Some of the shuttered stores had occupied their locations for a long time, although they were not getting much foot traffic. One Reddit user commented:
The location near me has been there under the Garden Ridge label for many years. I doubt I’ve ever seen more than a dozen cars out in front of it.
At Home stores expected to close
Some of the stores that closed already did so ahead of schedule. However, as part of At Home’s restructuring bid, closures will continue. In fact, additional stores set to shutter by September 30 include:
3271 Market Place Drive in Council Bluffs, Iowa
3175 W 3rd Street in Bloomington, Indiana
3100 Washtenaw Avenue in Ypsilanti, Michigan
2341 Route-66 in Ocean Township, New Jersey
190 South 500 West in West Bountiful, Utah
Stores expected to close by October 25 include:
5101 Fashion Drive in Nanuet, New York
2100 S. Randall Road in Geneva, Illinois
2201 Zeier Road in Madison, Wisconsin
Closures at certain high-profile stores including stores at 300 Providence Highway in Dedham, Massachusetts; 19460 Compass Creek Parkway in Leesburg, Virginia; 3201 N. Mayfair Road in Wauwatosa, Wisconsin; and 301 Nassau Park Boulevard in Princeton, New Jersey, were originally anticipated but canceled.
Store closures provide an opportunity for sales
While consumers may not be happy that their favorite At Home store is closing, the bright spot is that many of the locations that shut down offer unbeatable deals. A spokesperson for Hilco Consumer – Retail stated:
These six stores are offering some of the best deals shoppers will see all year — but customers who want the best selection on furniture, décor, and seasonal finds should shop early before the most popular items disappear.
Discounts provide up to 30% off, but coupons would not be honored on sale items. All sales were also final for purchases made on or after August 1, 2025.
At Home operations continue
While many stores closed their doors, or are planning to, the hope is that At Home will be able to turn things around and keep its remaining locations open and operational.
Weston believes that the closures “will help strengthen the business in the long term,” with the CEO stating:
The steps we are taking to fully de-lever our balance sheet will improve our ability to compete in the marketplace in the face of continued volatility and increase the resilience of our business for the long term.
At Home also anticipates beginning to source more goods and materials from Vietnam, India, and Turkey. Hopefully the store closures and other changes will allow operations to continue and the remaining stores to stay open.
