(NEXSTAR) — As it continues to face financial uncertainty, home goods chain Bed Bath & Beyond is preparing to close 150 stores and cut its workforce by about 20%. The retailer has released a list identifying over one third of those stores set to close in the coming weeks. Show Bed Bath & Beyond announced its plans to close 150 namesake stores in August, with director and interim CEO Sue Grove calling it a “back to basics” philosophy aimed at allowing the company to focus on better serving customers and driving growth. At the time, the company estimated the cuts would save $250 million in its current fiscal year. Days after the decision was made public, Bed Bath & Beyond CFO Gustavo Arnel fell from a downtown Manhattan skyscraper and was pronounced dead at the scene. As of May, Bed Bath & Beyond operated 955 stores: 769 namesake stores, 135 buybuy Baby stores, and 51 stores under the names of Harmon, Harmon Face Values, or Face Values. This week, Bed Bath & Beyond released a list of 56 stores that are set to close, all of which are Bed Bath & Beyond namesake stores. Here is the full list by state: Arizona
California
Connecticut
Florida
Georgia
Illinois
Iowa
Louisiana
Massachusetts
Michigan
Minnesota
New Jersey
New York
Nevada
North Carolina
Ohio
Oregon
Pennsylvania
Puerto Rico:
Texas
Virginia
Washington
Bed Bath & Beyond did not immediately respond to Nexstar’s request for additional information, including when these stores will close, other stores slated to close, and how many employees will be impacted. In addition to closing stores, the company said last month that it will shift to its original strategy of focusing on national brands rather than pushing its own store labels. The Associated Press contributed to this report.
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What company owns Bed Bath and Beyond?The www.bedbathandbeyond.com web site (the "Site") is owned, operated and maintained by Bed Bath & Beyond Inc., the parent company to the group of subsidiaries that operate retail store chains under the names Bed Bath & Beyond, Harmon and Harmon Face Values, and buybuy BABY.
How many stores does Bed Bath & Beyond have?There are 714 Bed Bath And Beyond stores in the United States as of November 07, 2022. The state with the most number of Bed Bath And Beyond locations in the US is California, with 69 stores, which is about 10% of all Bed Bath And Beyond stores in the US.
Where is Bed Bath and Beyond headquarters?Union, New Jersey, United StatesBed Bath & Beyond / Headquartersnull
How do I cancel my Bed Bath and Beyond membership?IF YOU DECIDE TO CANCEL YOUR MEMBERSHIP, YOUR MEMBERSHIP WILL AUTOMATICALLY EXPIRE AT THE END OF YOUR ONE (1) YEAR MEMBERSHIP TERM. YOU MAY TERMINATE THE MEMBERSHIP AUTOMATIC RENEWAL THROUGH MY ACCOUNT AT bedbathandbeyond.com/store/account/Login OR BY CALLING CUSTOMER SERVICE AT 1-866-532-6826.
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