Popular home decor retailer closing 8 stores in California

Published on

CALIFORNIA – At Home Group Inc. announced June 16, that it is filing bankruptcy and court filings show it closing over 25 stores nationwide – including 8 in California.

The company said these are steps it is taking to strengthen its financial foundation and position the business for long-term success while continuing to serve its customers.

At Home has made a deal – a Restructuring Support Agreement (RSA), with lenders who hold most of its debt to restructure its finances. 

This plan will erase nearly $2 billion in debt and bring in $200 million in new funding to help the company through the process and move forward.

Under the RSA, At Home expects to transfer ownership to supporting lenders, including Redwood Capital Management, Farallon Capital Management and Anchorage Capital Advisors, after restructuring.

Navigating the impact of tariffs

At Home CEO Brad Weston said they are pleased to have reached this agreement with their lenders, which represents a critical and positive advancement of their work to best position At Home for the future.

“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,” said Weston.

After the restructuring, Weston said At Home will have new owners and a stronger financial foundation.

At Home store closures in California

According to the court filing, At Home is closing the following stores in California:

  • 750 Newhall Drive in San Jose
  • 2505 El Camino Real in Tustin
  • 2200 Harbor Boulevard in Costa Mesa
  • 3795 E. Foothills Boulevard in Pasadena
  • 1982 E. 20th St. in Chico
  • 26532 Towne Center Drive Suites A-B in Foothill Ranch
  • 8320 Delta Shores Circle South in Sacramento
  • 2900 N. Bellflower Boulevard in Long Beach

RELATED: Popular California-based women’s clothing brand closing up to 180 stores nationwide

spot_img

Latest articles

California members of transnational fraud ring arrested for $30 Million timeshare scam

CALIFORNIA – The U.S. Department of Justice (DOJ) announced October 21 that more than...

Western Gateway Pipeline to reverse flow, bringing fuel to California

CALIFORNIA – Energy companies Phillips 66 and Kinder Morgan, Inc. unveiled plans on October...

Amazon to hire 30,000 seasonal workers in California

CALIFORNIA – Amazon announced it is hiring 250,000 seasonal workers nationwide, including 30,000 in...

Barstow Father Charged with Murder of 2-Year-Old Swept Away in Floodwaters

BARSTOW – The Barstow Police Department announced that detectives arrested Brandon Padilla-Aguilera on charges...

More like this

Western Gateway Pipeline to reverse flow, bringing fuel to California

CALIFORNIA – Energy companies Phillips 66 and Kinder Morgan, Inc. unveiled plans on October...

Amazon to hire 30,000 seasonal workers in California

CALIFORNIA – Amazon announced it is hiring 250,000 seasonal workers nationwide, including 30,000 in...

Planned Parenthood laying off 81 in San Bernardino, Orange Counties following federal funding cuts

warn_report1 (43) CALIFORNIA – Planned Parenthood of Orange and San Bernardino Counties (PPOSBC) notified...