After presenting the bankruptcy on Monday, the home product retailer plans to close 26 locations “with a lower performance” in the fall.
Following his Declaration of Failers On Monday, the home -home retailer announced the plans to close 26 “less performance” stores in autumn.
On June 16, the retailer of furniture and decoration of the house of Texas at home presented the bankruptcy of Chapter 11, quoting “broader economic and specific economic and specific market pressures”, according to court documents. As a result, 26 stores extending since California In New York the doors will close until September 30. This follows the steps of Other important traders Such as Big lots, Joann Fabrics, Kohl’s, Jcpenney, Macy’s and Party City, who have also declared bankruptcy and closed this year.
Judicial Archives reveal that the presentation of failed at home caused the concerns of unsustainable customs expenses Due to an increase in ratesIncreasing interest rates and “persistent inflation”.
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In view of these challenges, at home he has already closed six locations in the last year, reports the mirror that.
“Given the expenses associated with the brick and mortars operation and the problems affecting the retail industry, several of the remaining stores (at home) work at sub-optimal performance levels,” says court documents.
As part of the submission of bankruptcy, the property of the house will be transferred to a group of coverage funds and investment companies based in New York CityNew York, and San FranciscoCalifornia, according to a press release.
The following locations are displayed in court documents as the first round of closures of the year’s store:
- 6135 Junction Boulevard to Rego Park, New York
- 300 Baychester Ave a Bronx, New York
- 750 Newhall Drive in San Jose, California
- 2505 The Royal Camino to Tustin, California
- 14585 Biscayne Boulevard in northern Miami, Florida
- 2200 Harbor Boulevard in Costa Mesa, California
- 3795 E. Foothills Boulevard in Pasadena, California
- 1982 E. 20th St. In Chico, California
- 2820 road 63 to the south to Rochester, Minnesota
- 26532 Towne Center Drive Suites ab a Foothill Ranch, California
- 1001 E. Sunset Drive in Bellingham, Washington
- 8320 Delta Shores Circle to South at Sacramento, California
- 1361 NJ-35 A MIDDLETOWN TOWNSHIP, New Jersey
- 2900 N. Bellflower Boulevard to 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 to Peoria, Illinois
- 8300 Sudley Road in Manassas, Virginia
- 461 Route 10 to the east in Ledgewood, New Jersey
- 301 Nassau Park Boulevard to Princeton, New Jersey
- 300 providence Highway to Dedham, Massachusetts
- 905 s 24th St. West to Billings, Montana
- 19460 Compass Creek Parkway in Leesburg, Virginia
- 3201 N. Mayfair Road in Wauwatosa, Wisconsin
- 13180 S. Cicero Ave in Crestwood, Illinois
According to court documents, its 26 initial stores will close at home on September 30, 2025.
The retail sector has been facing difficult times. An increasing number of department stores, appreciated chain companies and even recognized brands close the doors.
In addition, it is not only the small companies that pass; Large national retail chains are also affected.
Earlier this year, WalGarens announced plans to close more than 500 stores. Macy’s revealed a plan to close 66 stores, with a total of 150 closures for 2026.
In addition, corporations such as Walmart, Jcpenney, Kohl and Joann are reducing their presence of brick and mortar.