At Home (store)

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. Lee Bird III serves as Chairman of the Board and Chief Executive Officer for At Home.[6] In August 2016, At Home went public.[7]

"Garden Ridge" redirects here. For the town, see Garden Ridge, Texas.

At Home
FormerlyGarden Ridge (1979–2014)
Type
IndustrySpecialty retail
Founded1979 (1979) (as Garden Ridge Pottery)
FounderEric White
Headquarters
Dallas, Texas, United States[1]
Number of locations
250 (2022)[2]
Key people
Lewis (Lee) L. Bird III[3]
(Chairman & CEO)
Ashley Sheetz
(Chief Operating Officer)
Jerry Murray
(Chief Financial Officer)
ProductsFurniture, Patio and garden, Home textiles, Housewares, Rugs, Seasonal decor, Tabletop decor,wall decor
RevenueIncrease US$1.737 billion (2021)[4]
Total assetsIncrease US$2.524 billion (2021)[5]
Total equityIncrease US$484 million (2021)[5]
OwnerHellman & Friedman
Number of employees
10,055 (2022)
Websitewww.athome.com

History

At Home was founded in 1979 in Schertz, Texas, as Garden Ridge Pottery and was later renamed to Garden Ridge.

Interior of an At Home in Rapid City, South Dakota

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. AEA Investors acquired Garden Ridge in October 2011.[8] CEO Lee Bird III joined At Home in December 2012. Prior to this, Bird served as President of Nike Affiliates for Nike Inc., Chief Operating Officer of Gap, and Chief Financial Officer of Old Navy.[3] In 2014, Garden Ridge converted all stores to the At Home brand and floorplan.[9] 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.[10] The rebranding cost around $20 million.[10] At Home publicly filed an S-1 on September 4, 2015, to go public.[11] In July 2021, At Home was acquired by Hellman & Friedman.[12] In October 2023, Fitch Ratings reported that At Home was nearing a potential Chapter 11 bankruptcy filing.[13]

References
  1. "At Home Group continues store expansion". Archived from the original on September 29, 2020. Retrieved April 6, 2021.
  2. "At Home Marks Company Milestone with 250th Store Opening" (Press release). June 15, 2022.
  3. "Board of Directors". investor.athome.com. Archived from the original on September 15, 2018. Retrieved September 28, 2018.
  4. "At Home Group Inc". Retrieved October 22, 2019.
  5. "At Home Group Inc. Data". Retrieved July 3, 2019.
  6. http://investor.athome.com/investor-overview/corporate-governance/executive-leadership
  7. "At Home Group delivers best quarter in company history". September 2, 2020.
  8. Ward, Lisa (September 9, 2011). "AEA writes 50% equity check for $715M Garden Ridge LBO". The Deal. Archived from the original on February 23, 2013. Retrieved July 9, 2018.
  9. Halkias, Maria (June 16, 2014). "Garden Ridge is evolving into At Home". Dallas Morning News. Retrieved June 27, 2014.
  10. "Garden Ridge is evolving into At Home". Dallas News. June 16, 2014. Retrieved September 28, 2018.
  11. "At Home Group Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering" (Press release). At Home Group. September 4, 2015. Retrieved July 9, 2018.
  12. "Hellman & Friedman Completes Acquisition of At Home". Businesswire. July 23, 2021.
  13. "11 retailers at risk of bankruptcy in 2023". Retail Dive. October 2, 2023. Retrieved October 3, 2023.
Wikimedia Commons has media related to At Home (store).


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.