Overview
At Home Group Inc., a leading American big-box retail chain, specializes in home furnishings. Headquartered in Dallas, Texas, the company operates 266 stores across 40 states as of 2023. Founded as Garden Ridge Pottery in 1979 in Schertz, Texas, At Home has evolved considerably, transitioning from a publicly traded entity on the New York Stock Exchange under the ticker "HOME" to a privately held company following its acquisition by Hellman & Friedman in 2021.
Financials
In the fiscal year 2021, At Home Group reported a revenue of US$1.737 billion, with total assets amounting to US$2.524 billion and total equity of US$484 million. To further bolster growth and refinancing, the company completed a $200 million private placement in May 2023.
Products and Services
At Home boasts an extensive inventory with more than 50,000 items, catering to diverse styles and budgets. Its product offerings include accent furniture, home textiles, patio and garden items, housewares, rugs, seasonal decor, tabletop decor, and wall decor.
Leadership
The leadership team at At Home is central to the company’s strategic and operational success:
- Brad Weston - Chief Executive Officer and Chairman
- Jerry Murray - Chief Financial Officer
- Mary Jane Broussard - Chief Administrative Officer and General Counsel
- Norman E. McLeod - Chief Development Officer
- Peter S. G. Corsa - President and Chief Operating Officer
Recent leadership change: Jeff Evans assumed the role of President and Chief Merchandising Officer in June 2023.
History and Development
At Home's evolution included a major rebranding from Garden Ridge to At Home in 2014, marked by significant branding enhancements costing approximately $20 million. The rebranding introduced a new color scheme and a house symbol to reinforce the brand identity.
Ahead of its acquisition by Hellman & Friedman for $2.8 billion in 2021, At Home demonstrated its growth and expansion ambitions through an S-1 filing in 2015 for public entity status.
Competitive Position
Key Competitors Overview
Pier 1 Imports
Pier 1 Imports, originally a Fort Worth-based retail chain, focuses on imported home furnishings and accessories. After financial difficulties and a Chapter 11 bankruptcy filing in 2020, Pier 1 transitioned to an e-commerce platform, currently operated by Retail ECommerce Ventures.
Ethan Allen Interiors Inc.
Ethan Allen manufactures and retails furniture and home interiors, with a notable presence via 139 retail design centers in the U.S. and Canada. Boasting a $791.4 million revenue in 2023, its vertically integrated operations span manufacturing facilities across the U.S., Honduras, and Mexico.
Williams-Sonoma, Inc.
Established in 1956, Williams-Sonoma, Inc. is a specialty retailer known for kitchenware and home furnishings. The company manages brands such as Pottery Barn, West Elm, and Williams Sonoma, distinguishing itself through a strong e-commerce platform.
Competitive Insights
At Home Group Inc. navigates competition by focusing on product variety, distribution channels, and integrating e-commerce into its retail format. Competitors like Pier 1 Imports emphasize digital transformation, while Ethan Allen benefits from vertically integrated manufacturing and personalized services. Williams-Sonoma leverages a robust online presence and brand diversification to reach a wide consumer base.
At Home Group Inc. could explore enhancing its e-commerce strategies and partnering for improved customer engagement to solidify its market position.
For further details on At Home’s operations and leadership, visit: [At Home Corporate Leadership](https://www.athome.com/corporate-leadership/).
