Popular home goods retailer At Home has filed for bankruptcy.
The Dallas-based company At Home cites tariff increases and a slowdown in consumer spending as reasons for its Chapter 11 filing.
At Home announced it has agreed to a deal with its lenders that “will eliminate substantially all” of its roughly two-billion dollars in debt.
The agreement will provide fresh funding to keep most At Home stores open while it navigates the bankruptcy process.
At Home has 260 stores across 40 states.
Some locations could close.
The Wall Street Journal recently reported around 20 At Home locations were set to shutter.
