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Chain selling nothing but cheap Chinese crap files for bankruptcy. (northeast.newschannelnebraska.com)

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.

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[–] • 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

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[–] • 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.

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[–] • 0 pt

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

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[–] • 1 pt

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

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