The home goods retailer At Home has filed for Chapter 11 bankruptcy protection, citing challenges posed by tariff increases and reduced consumer spending. The Dallas-based company has reached an agreement with its lenders to eliminate nearly all of its approximately $2 billion debt and secure $200 million in new funding. CEO Brad Weston noted that the move aims to strengthen the company’s resilience amidst trade uncertainties, particularly with China, where tariffs have fluctuated significantly. Despite the filing, At Home plans to continue normal operations, though some store closures may occur. This trend reflects broader difficulties faced by the retail sector, including other major chains like Bed Bath & Beyond and Big Lots.
— new from CNN
