Michaels acquires Joann brands after bankruptcy filing
Michaels is expanding by acquiring Joann’s intellectual property and private label brands following the brand’s closure after filing for bankruptcy.
unbranded – Newsworthy
- At Home filed for Chapter 11 bankruptcy on Monday, June 16.
- As a result, the home goods retailer will close 26 “underperforming” stores by Sept. 30.
The home goods retailer At Home will close “underperforming” 26 stores by the fall after it filed for bankruptcy on Monday.
At Home, a furniture and home decor retailer based in Coppell, Texas, filed for Chapter 11 bankruptcy on Monday, June 16 as a result of “broader economic and retail-specific market pressures,” court documents reveal. As a result, 26 stores, from California to New York, will close by Sept. 30.
The bankruptcy filing and store closures come after several other big box retailers have done the same this year, including Big Lots, Joann Fabrics, Kohl’s, JCPenney, Macy’s and Party City.
Here’s what to know about the filing and how it will impact At Home customers.
Why did At Home file for bankruptcy?
Court documents state that rising interest rates, “persistent inflation” and a growing concern over unsustainable customs costs resulting from increased tariffs, led At Home to file for bankruptcy. As a result, At Home already closed six stores over the past year.
“Given the expenses associated with brick-and-mortar operation and the issues affecting the retail industry, a numberof the (At Home) remaining stores are operating at sub-optimal performance levels,” court documents reveal.
As part of the bankruptcy filing, ownership of At Home will be transferred to a group of hedge funds and investment firms based in New York City, New York and San Francisco, California, as outlined in a news release.
What At Home stores are closing?
Court documents list the following locations are initial store closure for the year:
- 6135 Junction Boulevard in Rego Park, New York
- 300 Baychester Ave. in Bronx, New York
- 750 Newhall Drive in San Jose, California
- 2505 El Camino Real in Tustin, California
- 14585 Biscayne Boulevard in North Miami, Florida
- 2200 Harbor Boulevard in Costa Mesa, California
- 3795 E. Foothills Boulevard in Pasadena, California
- 1982 E. 20th St. in Chico, California
- 2820 Highway 63 South in Rochester, Minnesota
- 26532 Towne Center Drive Suites A-B in Foothill Ranch, California
- 1001 E. Sunset Drive in Bellingham, Washington
- 8320 Delta Shores Circle South in Sacramento, California
- 1361 NJ-35 in Middletown Township, New Jersey
- 2900 N. Bellflower Boulevard in Long Beach, California
- 720 Clairton Boulevard in Pittsburgh, Pennsylvania
- 2530 Rudkin Road in Yakima, Washington
- 571 Boston Turnpike in Shrewsbury, Massachusetts
- 5203 W. War Memorial Drive in Peoria, Illinois
- 8300 Sudley Road in Manassas, Virginia
- 461 Route 10 East in Ledgewood, New Jersey
- 301 Nassau Park Boulevard in Princeton, New Jersey
- 300 Providence Highway in Dedham, Massachusetts
- 905 S 24th St. West in Billings, Montana
- 19460 Compass Creek Parkway in Leesburg, Virginia
- 3201 N. Mayfair Road in Wauwatosa, Wisconsin
- 13180 S. Cicero Ave. in Crestwood, Illinois
When will At Home close its stores?
According to court documents, At Home will close its 26 initial stores by Sept. 30, 2025.
Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@usatoday.com.
