The high-end fashion retail sector has faced economic challenges since the Covid-19 pandemic temporarily shut down the industry in 2020, and it hasn't fully recovered from the retail downturn. Financial distress forced luxury department stores,

At Home, the home decor and furniture retailer with more than 200 locations in the United States, is filing for bankruptcy. The popular retail chain announced Monday that it is entering Chapter 11 protection as part of a restructuring agreement intended to eliminate $2 billion in debt and provide $200 million in capital to aid with the restructuring process.

Popular retail store At Home has filed for bankruptcy amid rapidly changing economic conditions across the United States

"These newly imposed tariffs and the uncertainty of ongoing U.S. trade negotiations intensified the financial pressure on the company," At Home noted.