At Home (store)
{{Short description|American retailer}}
{{redirect|Garden Ridge|the town|Garden Ridge, Texas}}
{{Use mdy dates|date=June 2014}}
{{Infobox company
| name = At Home Stores, LLC.
| logo = At Home logo.svg
| image = 177 Gilbert AZ.jpg
| image_caption = An At Home store in Gilbert, Arizona
| former_names = Garden Ridge (1979–2014)
| type = {{plain list|
}}
| industry = Specialty retail
| foundation = {{start date and age|1979}} (as Garden Ridge Pottery)
| founder = Eric White
| hq_location_city = Dallas, Texas, United States{{cite web|url= https://chainstoreage.com/home-group-continues-store-expansion |title=At Home Group continues store expansion |url-status=live |access-date=April 6, 2021|archive-url=https://web.archive.org/web/20200929000217/https://chainstoreage.com/home-group-continues-store-expansion |archive-date=September 29, 2020 }}
| num_locations = 266 (2023){{cite press release|url= https://www.businesswire.com/news/home/20220615005843/en/At-Home-Marks-Company-Milestone-with-250th-Store-Opening/ |title=At Home Marks Company Milestone with 250th Store Opening |date=June 15, 2022 }}
| key_people = Brad Weston
(Chairman & CEO)
Jerry Murray
(Chief Financial Officer)
| products = Furniture, Patio and garden, Home textiles, Housewares, Rugs, Seasonal decor, Tabletop decor,wall decor
| owner = Hellman & Friedman
| revenue = {{increase}} US$1.737 billion (2021){{cite web|url=https://www.marketwatch.com/investing/stock/home
|title=At Home Group Inc.|accessdate=October 22, 2019}}
| assets = {{increase}} US$2,524 million (2021){{cite web|url=http://finance.yahoo.com/quote/HOME/balance-sheet?p=HOME|title=At Home Group Inc. Data|accessdate=July 3, 2019}}
| equity = {{increase}} US$484 million (2021)
| num_employees = 10,055 (2022)
| homepage = {{URL|http://www.athome.com}}|
}}
At Home is an American big-box retail chain of home furnishing stores. Headquartered in Dallas, Texas, At Home operates 262 stores in 40 states.
History
File:Interior of an At Home in Rapid City, South Dakota.jpg]]
At Home was founded in 1979 in Schertz, Texas, as Garden Ridge Pottery and was later renamed to Garden Ridge.
Investment firm Three Cities Research became the largest shareholder of Garden Ridge in 1999.
Garden Ridge filed for Chapter 11 bankruptcy protection in 2004. After the reorganization, the corporation emerged from Chapter 11 in 2005.{{Cn|date=May 2023}}
AEA Investors acquired Garden Ridge in October 2011.{{cite news| title=AEA writes 50% equity check for $715M Garden Ridge LBO| url=http://www.thedeal.com/content/private-equity/aea-writes-50-equity-check-for-715m-garden-ridge-lbo.php| date=September 9, 2011| last=Ward| first=Lisa| archive-url=https://web.archive.org/web/20130223042441/http://www.thedeal.com/content/private-equity/aea-writes-50-equity-check-for-715m-garden-ridge-lbo.php |archive-date=February 23, 2013| accessdate=July 9, 2018| journal=The Deal}} CEO Lee Bird III joined Garden Ridge in December 2012. Prior to this, Bird was President of Nike Affiliates for Nike Inc., Chief Operating Officer of Gap, and Chief Financial Officer of Old Navy.{{Cite web |title=Board of Directors |url=http://investor.athome.com/corporate-governance/board-of-directors |access-date=2018-09-28 |website=investor.athome.com |language=en |archive-date=September 15, 2018 |archive-url=https://web.archive.org/web/20180915075957/http://investor.athome.com/corporate-governance/board-of-directors |url-status=dead }}
In 2014, Garden Ridge converted all stores to the At Home brand and floorplan.{{cite news| last1=Halkias| first1=Maria| title=Garden Ridge is evolving into At Home| url=http://www.dallasnews.com/business/retail/20140616-garden-ridge-is-evolving-into-at-home.ece| accessdate=June 27, 2014| newspaper=Dallas Morning News| date=June 16, 2014}} The rebranding project changed the use of orange color for advertising to a soft grey and blue, and added a house symbol for the "o" in At Home.{{Cite news |date=2014-06-16 |title=Garden Ridge is evolving into At Home |language=en |work=Dallas News |url=https://www.dallasnews.com/business/retail/2014/06/16/garden-ridge-is-evolving-into-at-home |access-date=2018-09-28}} The rebranding cost around $20 million.
At Home publicly filed an S-1 on September 4, 2015, to go public.{{cite press release| title=At Home Group Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering| url=http://www.prnewswire.com/news-releases/at-home-group-inc-announces-filing-of-registration-statement-for-proposed-initial-public-offering-300138293.html| date=September 4, 2015| accessdate=July 9, 2018| publisher=At Home Group}}
In July 2021, At Home was acquired by Hellman & Friedman.{{cite web|title=Hellman & Friedman Completes Acquisition of At Home |url=https://www.businesswire.com/news/home/20210723005380/en/Hellman-Friedman-Completes-Acquisition-of-At-Home|website=Businesswire|date=July 23, 2021}}
In October 2023, Fitch Ratings reported that At Home was nearing a potential Chapter 11 bankruptcy filing.{{Cite web|url=https://www.retaildive.com/news/retailers-at-risk-of-bankruptcy-2023/694548/|title=11 retailers at risk of bankruptcy in 2023|date=October 2, 2023|access-date=October 3, 2023|website=Retail Dive|language=en}}
References
{{reflist}}
External links
{{commons cat}}
- {{official|https://www.athome.com}}
Category:Retail companies of the United States
Category:Companies based in Plano, Texas
Category:Retail companies established in 1979
Category:1979 establishments in Texas
Category:American companies established in 1979
Category:Companies that filed for Chapter 11 bankruptcy in 2004
Category:2016 initial public offerings
Category:2021 mergers and acquisitions
Category:Companies formerly listed on the New York Stock Exchange
Category:Private equity portfolio companies
{{Texas-stub}}
{{US-retail-company-stub}}