Fact Check: At Home may close some locations, with reports indicating that around 20 stores are set to shut down.

Fact Check: "At Home may close some locations, with reports indicating that around 20 stores are set to shut down."

What We Know

At Home, a home decor and furniture retailer, has recently filed for Chapter 11 bankruptcy protection. This move is part of a restructuring plan aimed at eliminating approximately $2 billion in debt and securing $200 million in capital for operational support (CBS News). As part of this bankruptcy filing, the company announced that 26 stores across the United States are slated for closure (Fast Company, USA Today). The closures are attributed to the company's struggles with rising tariffs, a slowdown in consumer demand for home furnishings, and overall financial instability in the retail sector (CBS News, Furniture Today).

Analysis

The claim that At Home may close some locations, specifically mentioning around 20 stores, is partially accurate but requires clarification. The company has confirmed the closure of 26 stores, which exceeds the "around 20" figure mentioned in the claim. The announcement of these closures comes amid significant financial restructuring efforts, indicating that the company is taking drastic measures to stabilize its operations (CBS News, USA Today).

The sources reporting on this situation are credible and well-established in the news industry. CBS News and USA Today are reputable outlets known for their journalistic standards, while Fast Company and Furniture Today also provide reliable coverage of business and retail news. The information about the number of store closures is consistent across multiple sources, reinforcing the validity of the claim that At Home is indeed closing a significant number of locations (Fast Company, Furniture Today).

Conclusion

Verdict: True
The claim that At Home may close some locations is true, but it is important to note that the actual number of stores set to shut down is 26, rather than "around 20." This discrepancy highlights the need for precise reporting, especially in financial contexts where the implications of such closures can be significant for employees and local economies.

Sources

1. At Home closing stores in bankruptcy: full list of doomed locations
2. At Home files for bankruptcy and will close 26 stores. Here ...
3. At Home closing nearly 30 stores amid bankruptcy: Full store closing ...
4. At Home to close 26 stores under bankruptcy filing. See the ...
5. Here are the 26 stores At Home that will close - Furniture Today