June 16, 2025

Home decor retailer At Home has filed for bankruptcy.

The Texas-based company At Home Group Inc. said it has entered into an agreement with some of its lenders to eliminate substantially all of At Home’s long-term debt of $2 billion and provide it with $200 million in new funding to continue to operate. Those lenders will become the owners of the company. The restructuring plan must be approved by the U.S. Bankruptcy Court.

“Over the past several months, we’ve taken deliberate steps to strengthen the foundation of our business — sharpening our focus, elevating our customer value proposition and driving operational discipline,” the company said on its website. “These efforts are aimed at delivering sustained sales growth, optimizing our inventory management, improving efficiency and enhancing overall profitability.

“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. The steps we are taking today improve our ability to compete in the marketplace in the face of continued volatility and increase the resilience of our business for the long term.”

According to the company, the majority of its stores will remain open. At Home has 260 locations in 40 states, including at 1601 W. 41st St. in Sioux Falls and in Rapid City. The 90-500-square-foot store here opened five years ago.

Court filings include a list of 26 “underperforming” stores that will close by Sept. 30, with the approval of the judge. That list does not include the South Dakota stores. The company noted the “potential to close additional underperforming stores in the future.”

“Throughout this process, At Home remains customer-focused and will continue serving customers in the normal course of business both in-store and online,” the company said.

No changes have been made to return policies, rewards or gift cards.