Bed Bath & Beyond closes 150 stores. Here are the sites that have been confirmed so far.
Bed Bath & Beyond is closing about 150 stores and laying off employees.
Sales in the second quarter fell by nearly 26%, significantly reducing costs.
It has now identified 56 stores that are scheduled to close across 21 states. The list can be seen below
Bed Bath & Beyond has closed about 150 “lower production” stores across the United States in an effort to cut costs amid slumping sales, it announced in late August.
The retailer also said it plans to cut about 20% of the company’s staff and supply chain. By laying off employees and closing stores, the company said it plans to cut costs by $250 million in 2022.
Bed Bath & Beyond said in its preliminary earnings results that sales in the second quarter were down about 26% compared to the same period in 2021.
A few days after the company’s announcement, then-CFO Gustavo Arnal died by suicide in New York, the city’s medical examiner said.
Sources told the Wall Street Journal that Arnal had discussed taking a break and that the company’s CEO and several board members agreed that Arnal had overshadowed him.
Shortly before his death, Arnal, Bed Bath & Beyond, JPMorgan and activist investor Ryan Cohen and JPMorgan were named in a class-action lawsuit accusing them of securities fraud, insider trading and breach of fiduciary duty.
Bed Bath & Beyond has since appointed Laura Crosen as interim chief financial officer. The chain actually replaced its CEO in June after reporting disappointing sales.
The struggling retailer has now revealed the location of 56 closed stores, spanning across 21 states and Puerto Rico. Eight in California and six in Illinois. Some are in stand-alone stores, others are in malls.
Here’s the full list so far.
Phoenix: 34750 North Valley Parkway, 85086
Tucson: 5225 South Cali, Santa Cruz, 85706
Burbank: 201 East Magnolia Blvd. , 91501
Lakewood: 75 Lakewood Center Mall, 90712
Larkspeare: 2601 Larkspur Landing Circle, 94939
Marina: 117 General Stillwell Drive, 93933
By dial: 39421 10th Street West, 93551
Reading: 1140 Hilltop Drive, 96003
San Leandro: 15555 East 14th Street, Suite 240, 94578
Santi: 9918 Mission George Road, 92071
Stamford: Ridgway Shopping Centre, 2275 Summer Street, 06905
Waterford: 850 Hartford Turnpike 06385
Sanford: 111 Towne Center Blvd., 32771
Sunrise: 12801 W. Sunrise Blvd., Anchor C, 33323
Snellville: Presidential Market Center, Suite 5000, 1905 Scenic Huy, 30078
trays: 2623 Peachtree Pkwy, 30024
Dubuque: 2475 NW Arteries, 52002
Waterloo: 1522 Flaming Drive, 50702
Bourbons: 2056 Northern State Road 50, 60914
Carbondel: Carbondale University Mall, 1265 E. Main Street, 62901
Fairview Heights: Fairview Center, 6611 Northern Illinois, 62208
Journey: Journey Mills Mall, 6132 Grand Ave., 60031
Juliet: 2850 Plainfield Road, 60435
Schaumburg: 915 East Golf Road, 60173
Bossier City: 2900 Meadow Creek Drive, 71111
Dorchester: 8B Allstate Road, Suite 1, 02125
Milford: 230 Fortune Boulevard, 01757
You will be: 35 Highland Street, 02771
source field: 50551 Waterside Drive, 48051
Farmington Hills: 31075 Orchard Lake Road, 48334
Northville: Northville Retail Center, 17223 Hagerty Rd, 48167
Walker: Green Ridge Square, 3410 Alpine Avenue NW, 49544
white lake Twp: 9050 Highland Rd, 48386
Saint Cloud: 3959 Second Street South, 56301
Charlotte: The nursery, 3413 Bienville Matthews Rd, 28226
Flanders: 30 International Drive, Suite 1, 07836
Manalapan: 13 South 9th Street, 07726
Paramus: 34 E Ridgewood Ave., 07652
sparks: 195 Los Altos Coy, 89436
Farmingdale: 251 Airport Plaza Blvd. , 11735
Middletown: 470 Rd 211 East, Suite 3, 10940
Mount Vernon: 500 East Sandford Blvd. , 10550
New Hartford: 4805 Commercial Drive, 13413
Plattsburgh: 73 Center Drive, Suite 100, 12901
Cincinnati: 3681 Stone Creek Blvd. , 45251
Hamilton: Bridgewater Falls, 3451 Princeton Street, 45011
Perrysburg: 10027 Fremont Pike, 43551
Sandsky: 4020 Milan Road, Unit 910, 44870
Beaverton: 2780 SW Cedar Hills Blvd. , 97005
Winwood: 70 E. Wynnewood Blvd. , 19096
Byamon: Plaza del Sol, 725 West Main Avenue, 00961
Port Arthur: Central Mall, 3100 Highway 365, Suite 114, 77642
Wichita Falls: 3201 Lawrence Rd, Suite A, 76308
Christiansburg: 135 Shopper Rd NW, 24073
Leesburg: 532 Fort Evans Rd, 20176
Lakewood: 5830 Lakewood Town Center Boulevard, SW, 98499
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