Princeton, New Jersey Following a Chapter 11 bankruptcy filing, the Texas-based retailer of furniture and home décor, At Home, has announced the closing of three of its locations in New Jersey as part of a larger restructuring.
With customers now having to make lengthier commutes to other At Home sites in Wayne, Ocean Township, or Brick, the closure of these businesses is predicted to create a hole in these towns.
These closures are part of a nationwide plan to close 26 underperforming stores by September 30.
The decision was made at a time when At Home is facing financial difficulties, such as unmanageable debt and economic pressures like higher tariffs and fewer customers. In a cutthroat retail environment, the company, which is well-known for its extensive assortment of home products, from furniture to seasonal décor, has had difficulty staying profitable. Local staff members and customers who have depended on these establishments for reasonably priced home furnishings may be impacted by the closures.
Plans to transfer ownership to a collection of hedge funds and financial firms with headquarters in New York City and San Francisco are part of At Home’s bankruptcy case. The closures represent a major layoff for the shop, which has more than 200 outlets around the country, but the company wants to streamline operations and concentrate on more lucrative areas.
Along with Big Lots and Joann Fabrics, At Home has announced store closures this year due to the ongoing challenges facing the retail industry.
The closure of these three At Home stores highlights the difficulties facing physical retail in a time of changing consumer preferences and unstable economic conditions for the people of New Jersey.
Due to the possibility of discounts on leftover merchandise during liquidation sales, customers are urged to visit the closing locations before September 30. At Home is optimistic about its long-term reorganization initiatives, and its surviving New Jersey locations will continue to serve clients.
The impacted sites are located at 301 Nassau Park Blvd. in Princeton, 1361 NJ-35 in Middletown Township, and 461 Route 10 East in Ledgewood.
The Nassau Park Boulevard shop in Princeton has long been a favorite among locals looking for reasonably priced décor solutions. In a similar vein, Monmouth County customers have long been served by the Middletown Township store on Route 35, located in the busy Middletown Plaza. Customers from North Jersey have long frequented the Ledgewood shop, which is situated in Roxbury Township on Route 10 East.
