Closing of bed bath and beyond stores

By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy.

Bed Bath & Beyond is closing around 150 "lower-producing" stores across the US as it attempts to cut costs amid slumping sales, it announced in late August.

The retailer also said it plans to cut around 20% of corporate and supply-chain staff. By laying off staff and closing the stores, the company said it planned to reduce costs by $250 million in 2022.

Sales in the second quarter had slumped roughly 26% compared to the same period in 2021, Bed Bath & Beyond said in preliminary earning results.

Just days after the company made the 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 been overwhelmed.

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 Crossen as interim CFO. The chain had already replaced its CEO in June after reporting disappointing sales.

The struggling retailer has now revealed the location of 56 of the stores being closed, spanning 21 states and Puerto Rico. Eight are in California and six are in Illinois. Some are in standalone stores, while others are located in malls.

Our content is fact checked by our senior editorial staff to reflect accuracy and ensure our readers get sound information and advice to make the smartest, healthiest choices.

We adhere to structured guidelines for sourcing information and linking to other resources, including scientific studies and medical journals.

If you have any concerns about the accuracy of our content, please reach out to our editors by e-mailing [email protected].

These Are All the Bed Bath & Beyond Stores Closing in the Next 4 Months

Your local store could be one of the 50-plus on the chopping block.

By Abby Reinhard

September 27, 2022

September 27, 2022

If you haven't heard, Bed Bath & Beyond will be closing approximately 150 stores across the U.S. In an Aug. 31 press release, the retailer noted that these are "lower-producing" locations and that some stores had already been shut down. While it wasn't initially clear which stores would be the next to close and when, on Sept. 15, the company finally released a list of 56 stores on the chopping block. All closures in the first wave are slated to take place over the next four months, before the end of the year. Read on to find out if your local Bed Bath & Beyond will be one of the first to get the boot.

READ THIS NEXT: This Party Supply Chain Is Going Out of Business and Closing All Stores.ae0fcc31ae342fd3a1346ebb1f342fcb

Bed Bath & Beyond has been in trouble for some time now.

While the number of Bed Bath & Beyond banner stores set to close is staggering, the news didn't come as a shock. In 2020, the retailer announced that 200 underperforming stores would be closed over a two-year span, and in Jan. 2022, the retailer released a list of 37 stores that would be closing before the end of February. "Underperformance" was again cited as the primary driver, and Bed Bath & Beyond's decision to shutter an additional 150 stores is a "last-ditch effort to stabilize as it struggles in financial turmoil," according to CNN.

As of May 2022, Bed Bath & Beyond operated a total of 955 stores, according to USA Today, including 769 Bed Bath & Beyond stores, 135 buybuy Baby stores, and 51 stores under the names Harmon, Harmon Face Values, and Face Values. But the first 56 stores to go are all Bed Bath & Beyond locations in 22 states, according to the company's recently published list.

California will be hit the hardest.

If you live in California, you're going to see far fewer Bed Bath & Beyond stores come 2023. According to list of closing stores, Californians will lose eight locations, including those in Lakewood, Larkspur, Palmdale, San Leandro, Redding, Burbank, Santee, and Marina.

Oregon is saying goodbye to a Bed Bath & Beyond in Beaverton, and Washington will lose its Lakewood location. Other Western states, namely Nevada and Arizona will also see closures. The Bed Bath & Beyond in Sparks, Nevada, will be closed before we ring in the New Year, as will two Arizona locations in Tucson (on I-19 and Irvington) and Phoenix (on I-17 and Carefree Highway).

RELATED: For more up-to-date information, sign up for our daily newsletter.

If you live in Illinois, you'll need to adjust your shopping plans.

Illinois is another state that will be hit hard with closures, as Bed Bath & Beyond stores in Bourbonnais, Carbondale, Fairview Heights, Gurnee, Joliet, and Schaumburg will all be shuttered. In Michigan, stores in Chesterfield Township, Farmington Hills, Northville, Walker, and White Lake are saying goodbye.

Across the Midwest, several other states will log closures, including two stores in Dubuque and Waterloo, Iowa; a store in St. Cloud, Minnesota; and four Ohio stores in Cincinnati, Perrysburg, Hamilton, and Sandusky.

The South Central region of the U.S. will see the loss of stores in Port Arthur and Wichita Falls, Texas; and in Bossier City, Louisiana. Puerto Rico is also losing one of its two locations, in Bayamon; for now, the Guaynabo store appears to be safe.

The East Coast isn't immune to closures either.

Bed Bath & Beyond has a nationwide presence, and 22 states will have stores shut down before next year, including those on the East Coast.

New York will see the largest loss in this region, with five stores closing in Farmingdale, Middletown, Mt. Vernon, New Hartford, and Plattsburgh. In New Jersey, three stores will be closed in Flanders, Manalapan, and Paramus, per the list from Bed Bath & Beyond.

A bit farther north in Connecticut, two stores will close in Stamford and Waterford, and in Massachusetts, three stores are getting the axe in Dorchester, Milford, and Seekonk.

Stores in Christianburg and Leesburg, Virginia are also moving out. In Florida, two locations in Sanford and Sunrise will be no more, and two stores in Georgia, in Johns Creek and Snellville, also made the list. North Carolina and Pennsylvania have just one closure apiece, in Charlotte (in the Arboretum) and Wynnewood, respectively.

What locations is Bed Bath and Beyond closing?

What happened with Bed Bath and Beyond?

Is Bed Bath and Beyond closing in the usa?

Which Bed Bath and Beyond stores are closing in Florida?