At Home (store)

At Home specializes in home decor products and is based in Plano, Texas.[1] At Home is headquartered in Plano, Texas, and currently operates 219 stores in 40 states. The average store is 110,000 square feet.[1]

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

At Home Group Inc.
FormerlyGarden Ridge (1979-2014)
TypePublic
NYSE: HOME
IndustrySpecialty retail
Founded1979 (1979) (as Garden Ridge Pottery)
Headquarters
Plano, Texas, United States[1]
Number of locations
219 (2019)[1]
Key people
Lewis L. Bird III[2]
(Chairman & CEO)
Peter S. G. Corsa
(COO & President)
ProductsFurniture
Patio and garden
Home textiles
Housewares
Rugs
Seasonal decor
Tabletop decor
Wall decor
Revenue US$1.17 billion (2019)[3]
US$48.996 million (2018)[3]
Total assets US$1.726 billion (2018)[4]
Total equity US$711 million (2018)[4]
Number of employees
6,289 (2020)
Websitewww.athome.com

In August 2016, the company went public. [5]

Lewis L. (Lee) Bird III serves as Chairman of the Board and Chief Executive Officer for At Home.[6] Bird joined the company 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.[2]

History

Founded in 1979 with one store in Schertz, Texas, the brand was created as Garden Ridge Pottery and was later renamed simply 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 amid failed lease negotiations and underwent a major reorganization that included closing ten stores in Texas, Georgia, Missouri, Florida, Ohio, and Tennessee.[7][8] After the reorganization, the corporation emerged from Chapter 11 in 2005.

AEA Investors acquired Garden Ridge in October 2011.[9]

In 2014, the company converted all stores to the At Home brand and floorplan, painting everything grey (from Garden Ridge's characteristic orange).[10]

The company publicly filed an S-1 on September 4, 2015.[11]

An At Home Storefront in Durham, North Carolina

At Home underwent a rebranding project that included the previously stated name change and a store redesign. The rebranding project changed the use of orange color for advertising to a soft grey and blue. A house symbol stands in for the “o” in At Home, so there's no confusion about what's sold inside, CEO Lee Bird said.[12] This investment cost around $20 million.

References
  1. {{cite web|url= https://chainstoreage.com/home-group-continues-store-expansion}
  2. "Board of Directors". investor.athome.com. Retrieved September 28, 2018.
  3. "At Home Group Inc". Retrieved October 22, 2019.
  4. "At Home Group Inc. Data". Retrieved July 3, 2019.
  5. https://www.furnituretoday.com/financial-results/at-home-group-delivers-best-quarter-in-company-history/
  6. http://investor.athome.com/investor-overview/corporate-governance/executive-leadership
  7. "Garden Ridge bankruptcy won't affect Independence store". Kansas City Business Journal. February 2, 2004. Retrieved July 9, 2018.
  8. "Garden Ridge files for bankruptcy, local stores unaffected". St. Louis Business Journal. February 2, 2004. Retrieved February 11, 2017.
  9. 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.
  10. Halkias, Maria (June 16, 2014). "Garden Ridge is evolving into At Home". Dallas Morning News. Retrieved June 27, 2014.
  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. "Garden Ridge is evolving into At Home". Dallas News. June 16, 2014. Retrieved September 28, 2018.


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