The home furnishings chain has watched its stock tank 40% over the past year, and its solution could be to put itself up for sale.
Share to twitterAt Home may be in play. But exactly what the game is remains something of a mystery.
This is an interesting premise. A ton of retailers, from Bed Bath & Beyond to Pier One to JC Penney, have all experienced serious drops in their stock prices, but none are publicly out there trying to pimp out the company to potential purchasers. But the company has warned that its first quarter of this year was off to a “softer start,” voicing concerns going forward. The Reuters story says At Home “is trying to reinvent its offerings.”
And while vendors who do business with the retailer say the company is doing steady business—and paying its bills on time—many casual visits to its stores on typical shopping days show very little traffic, much less purchases being made. Michaels and Hobby Lobby could be interested, but the former has its own problems, and the latter has historically not been an acquirer.
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