Home-Goods stores are one of the many American companies that are facing consequences due to high tariffs. Retailers felt forced to increase the prices of their products due to the continuous increase in tariff rates. Unfortunately, some companies are experiencing it much worse than others. Hence, this retailer could no longer keep up and was fighting to survive. It resulted in the company filing for Chapter 11 bankruptcy.
Impact of high tariff rates
Since the high tariff rates are specifically impacting imported goods, it means that home-goods stores relying on imported goods are suffering severely. Approximately 90% of At Home’s goods are sourced from overseas; thus, the retailer is under a lot of pressure. The company…