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AtHome claims the tariffs did it, but I bet they were hurting before this - even if they didn't admit it. Just as a rising tide supposedly lifts all boats, the tide going out leaves all stranded.

AtHome claims the tariffs did it, but I bet they were hurting before this - even if they didn't admit it. Just as a rising tide supposedly lifts all boats, the tide going out leaves all stranded.

(post is archived)

[–] • 2 pts

I think they're main problem is they sell slightly higher than walmart quality crap. their whole business model is predicated on the home decorating version of fast fashion, which people are getting sick of. Nobody wants to redo their home every few years.

That and they very likely grew their footprint too quickly. Lots of retail space is needed and they've expanded like somalians in minnesota. Some key stats I found:

•   Pre‑2015: ~58 stores
•   2017: ~71 stores (rebranding complete)  
•   May 2019: 188 stores  
•   Q1 2022: 226 stores (+3.7% from Q1 2021)  
•   2023 peak: 268 stores with nearly $2 B in revenue

Also, one key milestone that likely had more impact on this than any other: 2021 privatization: Acquired by Hellman & Friedman for $2.8 B, delisted. It seems that any time a company is privatized by private equity, this happens soon after.

Lastly....

Early life and education Frederick Warren Hellman was born to a Jewish family

No early life for Frieman, but "21st-century American Jews" was listed at the bottom of his wikipedia page as well as showing up

[–] • 1 pt

Getting bought by a private equity firm explains it all. is one of the biggest financial scams of all time. It is gutting the economy right now.

[–] • 0 pt

Yup. And even worse, bought by (((private equity))), though I suppose nearly (((all))) are tribe members.

[–] • 1 pt

I assume they all are. There may be some non jews in there, but this is a jewish scam.

[–] • 2 pts

I used to work at one of those, back when their name was still Garden Ridge. Shit company back then too. When we closed, the store was so wrecked and we were so understaffed that we were told half the time to just toss the misplaced goods in the garbage. So fucked. All of it was still perfectly sellable merchandise, but when you're closing a store at night the size of Walmart with just three people to clean up it's just impossible.

[–] • 1 pt

Garden Ridge...wondered what ever happened to that place.

[–] • 1 pt

Yep, they rebranded some years ago to modernize their image. I guess sales were sucking.

[–] • 1 pt

In related news, The Sharper Image is still in business.

[–] • 1 pt

I'll never understand how that place sticks around. Must be some fundamental law of the universe that keeps it here, kind of like it did Radio Shack for the longest time.

[–] • 1 pt

I’m ok with this although some folks can only afford this stuff

[–] • 1 pt

There is one near me. Standard issue chinese garbage. The only time it's worth going in there is the fall and winter for Halloween and Christmas decorations. Sometimes you get something good.