At home, closing eight sites in California where bankruptcy announces

At home, the retail home commodities applied to protect bankruptcy, Chapter 11, and announced the closure of 26 stores, trying to recover from slowing sales, effects of inflation and definitions.

The company at Coppell, Texas, said that five of its outlets in the Los Angeles area were marked with a closing, including stores in Tustine, Costa Missa, Passadina, Voltlin Ranch and Wong Beach. The outlets will also be closed in San Jose, Sacramento and other areas.

A restructuring agreement signed at home with lenders to get rid of its $ 2 billion debt and secure $ 200 million in capital to support the restructuring process.

“We are pleased to reach this agreement with the lenders, which represents a decisive and positive progress for our work for the best situation in the home for the future,” CEO Brad Weston said in a press statement.

The company runs 260 stores in 40 states. About 70 million customers visit their stores annually and about 53 million customers visit their website within a year. Employ about 7,170 people.

At home it joins a dilated list of retailers to close stores this year. LL FloRing, the former floor dealer known as wooden filters, Submitted to Chapter 11 Disciplinary protection last August and announced that it would close about a quarter of its sites worldwide.

This is not the first time at home to protect bankruptcy, as the company explained to present it. In the previous name of the house, Garden Ridge needed a similar satisfaction in 2004 to address rental obligations and contracts.

Founded at home in 1979 under the name Garden Ridge Pottery. He was later shortened to Garden Ridge. A year has been expanded and expanded beyond Texas in the mid -1990s. She changed her name to the house in 2014 and was listed on the New York Stock Exchange two years later.

Hello & Friedman, a global private stock company, acquired the company in 2021 and took the private company.

The company said it was inflated, and slow the growth growth for home commodities and axis to shop online. This year, a tariff for importing another blow to its work dealt with.

The company said in its file: “The newly imposed definitions and uncertainty in the continuous American commercial negotiations have increased from financial pressure on the company, which quickly need a comprehensive solution.”

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This story was originally appeared in Los Angeles Times.