💨 Abstract

At Home, a popular retailer of home decor and furniture, is closing 26 U.S. stores by this fall after filing for bankruptcy. The company cited economic pressures, high operational costs, and tariffs as reasons for its financial struggles. Chapter 11 bankruptcy was filed which means that ownership will be transferred to hedge funds. At Home aims to strengthen its balance sheet and continue operations under new ownership.

Courtesy: Jessica Kwong