Fact Check: At Home, a Dallas-based home goods retailer, filed for Chapter 11 bankruptcy on October 16, 2023, citing tariff increases and a slowdown in consumer spending.

Fact Check: "At Home, a Dallas-based home goods retailer, filed for Chapter 11 bankruptcy on October 16, 2023, citing tariff increases and a slowdown in consumer spending."

What We Know

On October 16, 2023, At Home, a Dallas-based home goods retailer, filed for Chapter 11 bankruptcy. The company cited tariff increases and a slowdown in consumer spending as the primary reasons for its financial troubles (WLOX, 13abc). At Home operates approximately 260 stores across 40 states in the U.S. and has reached an agreement with its lenders to eliminate nearly all of its $2 billion debt, which will help keep most of its stores operational during the bankruptcy process (WTAE, WLOX).

Analysis

The claim that At Home filed for bankruptcy on October 16, 2023, is supported by multiple reputable news sources, including CNN and local news outlets (WLOX, 13abc). These sources provide consistent information regarding the reasons behind the bankruptcy filing, specifically mentioning tariff increases and a decline in consumer spending as significant factors.

The reliability of these sources is generally high, as they are established news organizations with a history of reporting on financial matters. However, it is important to note that while the information is corroborated across various platforms, the specific details of the bankruptcy agreement and its implications for store closures could vary slightly depending on the reporting outlet.

The mention of tariff increases aligns with broader economic trends where many retailers have faced challenges due to rising import costs, which have been exacerbated by recent trade policies (WTAE). Additionally, the slowdown in consumer spending has been a recurring theme in economic reports, particularly post-pandemic, as inflation and changing consumer behaviors have affected retail sales (Economic Report of the President).

Conclusion

Verdict: True
The claim that At Home filed for Chapter 11 bankruptcy on October 16, 2023, citing tariff increases and a slowdown in consumer spending is accurate. This conclusion is based on corroborated reports from multiple reliable sources that detail the circumstances surrounding the bankruptcy filing.

Sources

1. Economic Report of the President
2. 雀魂majsoul的官方网站？ - 百度知道
3. Popular home goods chain files for bankruptcy amid tariff trouble
4. At Home files for bankruptcy, cites tariff increases - WLOX
5. 拼多多商家登录后台入口：https://mms.pinduoduo.com/home ...
6. At Home files for bankruptcy, cites tariff increases - 13abc
7. At Home files for bankruptcy, cites tariff increases
8. 电脑home键在哪？！啊！ - 百度知道