Fact Check: Around 20 At Home locations are set to close as part of its restructuring during the Chapter 11 process.

Fact Check: "Around 20 At Home locations are set to close as part of its restructuring during the Chapter 11 process."

What We Know

At Home, a popular home goods retailer, recently filed for Chapter 11 bankruptcy. This decision was made to restructure its substantial debt, which was reported to be around $2 billion. The company announced that it had secured an agreement with its lenders to eliminate most of this debt and to receive $200 million in new funding to facilitate its operations during the bankruptcy process (CNN, Furniture Today).

As part of its restructuring plan, At Home indicated that it would be closing some of its locations. Reports from various sources, including The Wall Street Journal, confirmed that approximately 20 locations are expected to close as part of this process (WGN TV, CNN).

Analysis

The claim that "around 20 At Home locations are set to close" is supported by multiple credible sources. The Wall Street Journal, a reputable financial news outlet, reported specifically on the number of closures, stating that around 20 locations would be shuttered as part of At Home's restructuring efforts during its Chapter 11 process (WGN TV).

Additionally, the company itself has acknowledged the potential for store closures, mentioning that while a majority of its stores will remain open, some locations will indeed be closed as part of the restructuring (Furniture Today). This aligns with the broader context of the retail industry, where many companies have faced challenges due to economic factors such as decreased consumer spending and increased tariffs on imported goods (CNN).

The sources used in this analysis are reliable and well-established within the financial reporting landscape, which adds to the credibility of the information presented.

Conclusion

Verdict: True
The claim that "around 20 At Home locations are set to close as part of its restructuring during the Chapter 11 process" is accurate. Multiple credible sources confirm that At Home plans to close approximately 20 locations as part of its bankruptcy restructuring efforts.

Sources

1. 雀魂majsoul的官方网站？ - 百度知道
2. At Home files for bankruptcy; décor retailer plans to close ... - WGN TV
3. 拼多多商家登录后台入口 - 百度知道
4. Popular home goods chain files for bankruptcy amid tariff ... - CNN
5. 电脑home键在哪？！啊！ - 百度知道
6. At Home Group files Chapter 11, to close 3 NJ stores - NJBIZ
7. 没有小键盘，如何按home键？ - 百度知道
8. At Home Group files for Chapter 11 bankruptcy - Furniture Today