Yet another major home goods retailer is apparently feeling a cash crunch as the popular Texas-based At Home is reportedly set to file for Chapter 11 bankruptcy.
At Home, which reportedly operates 260 stores across 40 states, has been dealing with a difficult financial situation that has been made worse by US tariffs and uncertain global trade policies.
Bloomberg reported that the company missed an interest payment on May 15, and entered a forbearance deal with its lenders that gives it relief from creditor action through June 30.
At Home said it is “actively collaborating with our financial stakeholders and have put forbearance agreements in place with respect to certain interest payments under the company’s debt instruments,” in a statement to Bloomsburg.
For At Home fans, there