- At Home Group Inc., a major home decor retailer with over 250 stores across 40 states,
is reportedly preparing to file for Chapter 11 bankruptcy. The company has been
significantly impacted by steep tariffs on Chinese imports, which have surged to 145%,
severely affecting profit margins. Despite efforts to restructure $2 billion in debt and
leadership changes, financial difficulties persist, leading to missed interest payments and
a temporary forbearance agreement with lenders set to expire on June 30. - The RoomPlace, a furniture retailer, filed for Chapter 11 bankruptcy on February 2,
- Following unsuccessful attempts to find a buyer, the company announced the
closure of all remaining locations, with liquidation sales commencing shortly after the
filing.