At Home (store)

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

At Home Stores LLC
FormerlyGarden Ridge (1979–2014)
Type
IndustrySpecialty retail
Founded1979; 43 years ago (1979) (as Garden Ridge Pottery)
FounderEric White
Headquarters
Plano, Texas, United States[1]
Number of locations
225 (2021)[2]
Key people
Lewis L. Bird III[3]
(Chairman & CEO)
Peter S. G. Corsa
(COO & President)
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 million (2021)[5]
Total equityIncrease US$484 million (2021)[5]
OwnerHellman & Friedman
Number of employees
6,289 (2020)
Websitewww.athome.com

At Home (stylized in lowercase) is a chain of home decor stores based in Plano, Texas[1] and currently operates 225 stores in 40 states. The average store is 110,000 square feet.[1] Each store offers up to 50,000 home products that range from furniture, mirrors, rugs, art and housewares to tabletop, patio and seasonal decor.

In August 2016, the company went public.[6]

Lewis L. (Lee) Bird III serves as Chairman of the Board and Chief Executive Officer for At Home.[7] 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.[3]

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. After the reorganization, the corporation emerged from Chapter 11 in 2005.

AEA Investors acquired Garden Ridge in October 2011.[8]

In 2014, the company converted all stores to the At Home brand and floorplan, painting everything grey (from Garden Ridge's characteristic orange).[9]

The company publicly filed an S-1 on September 4, 2015.[10]

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.[11] This investment cost around $20 million.

In July 2021, the company was acquired by Hellman & Friedman.[12]

References[]

  1. ^ a b c "At Home Group continues store expansion". Retrieved April 6, 2021.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "Plano-based At Home posts strong results from ramped-up online sales and next-day delivery". March 24, 2021. Retrieved April 6, 2021.{{cite web}}: CS1 maint: url-status (link)
  3. ^ a b "Board of Directors". investor.athome.com. Retrieved September 28, 2018.
  4. ^ "At Home Group Inc". Retrieved October 22, 2019.
  5. ^ a b "At Home Group Inc. Data". Retrieved July 3, 2019.
  6. ^ "At Home Group delivers best quarter in company history". September 2, 2020.
  7. ^ http://investor.athome.com/investor-overview/corporate-governance/executive-leadership
  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. ^ "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.
  11. ^ "Garden Ridge is evolving into At Home". Dallas News. June 16, 2014. Retrieved September 28, 2018.
  12. ^ "Hellman & Friedman Completes Acquisition of At Home". Businesswire. July 23, 2021.

External links[]

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