A month after reports surfaced that At Home was exploring options that included a possible sale, the home specialty retailer now appears to have a suitor.
Reuters reported that Kohl’s has approached At Home expressing interest in a possible acquisition. The report indicated that At Home is in “advanced deal negotiations” with private equity firms.
When reached about initial reports in April that the retailer was for sale by HomeWorld Business, At Home officials declined to comment.
Recently, At Home, which operates 188 stores in 38 states and has been steadily expanding its store footprint, reported that its fiscal year sales were more than $1 billion.
Kohl’s reported interest in At Home follows a year in which the department store retailer has tested several unique concepts in store. Among them is a program that allows consumers to drop off returns to Amazon at select stores and an initiative with WW (formerly Weight Watchers) that includes an in-store WW Studio and the launch of the WW line of housewares products.
Also, Kohl’s has teamed with discount grocer Aldi to develop a store concept that includes having both retailers under one roof.