Bed Bath & Beyond's list of store closings
Bed Bath & Beyond shuttering all remaining Harmon Face Value stores
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Bed Bath & Beyond is shuttering another 87 stores as its continues efforts to turn around its beleaguered business.
The new list of closures, which was updated on Jan. 30, includes all of its remaining Harmon Face Value stores.
The move comes after sources told Reuters that the company was preparing to file for Chapter 11 bankruptcy protection as soon as this week.
A spokesperson for Bed Bath & Beyond told FOX Business on Thursday that the company, which had been struggling to attract shoppers, has continued its analysis of its store footprint based on "a variety of factors" and has identified more store closures that will be implemented "in a timely manner."
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"As we work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible," the spokesperson said.
This new list comes in addition to the 150 stores that the company said it was on track to close by the end of fiscal year 2022.
During an earnings call last month, CEO Sue Gove noted that the 150 store closures, which the company first outlined in August 2022, would "further enable us to allocate resources according to customer demand."
In its latest earnings call on Jan. 10, the company reported that its sales slid 33% during the three-month period ending on Nov. 26. Sales at stores open at least a year, seen as a key gauge of a retailer’s health, fell by 32%.
The company said it initiated incremental cost reductions of approximately $80 million to $100 million, which included overhead expenses and headcount. The company said it also recognized another savings opportunity of $80 million to $100 million across the supply chain.
Still, the retailer lost $393 million, or $4.33 per share in the quarter. That compares with a loss of $276.4 million, or $2.78 a year earlier.
Bed Bath & Beyond
Gove blamed its quarterly performance on inventory constraints and reduced credit limits that resulted in shortages of merchandise on store shelves. It comes as no surprise given the company questioned last week whether it will be able to continue operating.
The New Jersey-based retailer said that it’s looking at several options, including selling assets or restructuring its business in bankruptcy court. But even those efforts may not be successful. At the time, Gove said "there is substantial doubt about the company's ability to continue as a going concern."
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
BBBY | NO DATA AVAILABLE | - | - | - |
Its stock, now trading in the $1 range, has lost nearly 90% of its value over the past 12 months.
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In September, the company released a list of 56 stores that will close after first announcing a plan to turn around its business a month earlier, which included closing 150 of its namesake stores and cutting its workforce by 20%.
Below is an updated list of affected store locations by state as of Jan. 30.
Alabama
- Daphne: 6850 US Highway 90 Anchor D
Arizona
- Mesa: 1834 South Signal Butte Rd
- Mesa: 2039 N. Power Road
- Phoenix: 34750 N. North Valley Parkway
- Queen Creek: 21258 South Ellsworth Loop Road
- Tucson: 5225 South Calle Santa Cruz
- Tucson: 7475 North La Cholla Blvd.
- Tucson: 9590 East 22nd Street
Arkansas
- North Little Rock: 4122 McCain Blvd
California
- Antioch: 5719 Lone Tree Way
- Carlsbad: 1905 Calle Barcelona Suite 100
- Culver City: 10822 Jefferson Blvd
- Buena Park: 8390 On The Mall #237
- Burbank: 201 East Magnolia Blvd.
- Chula Vista: 394 East H Street
- Glendora: 1405 East Gladstone Street
- Hawthorne: 14351 Hindry Avenue
- La Habra: 1320 South Beach Blvd.
- Lakewood: 75 Lakewood Center Mall
- Larkspur: 2601 Larkspur Landing Circle
- Los Angeles: 10561 West Pico Blvd
- Marina: 117 General Stilwell Drive
- Palm Desert: 72459 HIGHWAY 111
- Palmdale: 39421 10th Street West
- Pasadena: 3609 E Foothill Blvd
- Redding: 1140 Hilltop Drive
- Sacramento: 3611 N. Freeway Blvd.
- San Jose: 5353 Almaden Expressway, Suite A-200
- San Leandro: 15555 East 14th Street, Suite 240
- San Marcos: 165 S. Las Posas Rd
- Santee: 9918 Mission Gorge Road
- Upland: 1865 North Campus Avenue, Building #15
- Valencia: Valencia Marketplace, 25540 The Old Road
- Vallejo: 105 Plaza Drive, Suite 107
- Visalia: 3125 South Mooney Blvd.
Colorado
- Loveland: 1605 Fall River Drive
- Pueblo: 5737 N. Elizabeth Street
- Thornton: 16531 Washington Street
Connecticut
- Enfield: 20 Hazard Avenue
- Fairfield: 2260 Kings Highway
- Hamden: 2045 Dixwell Avenue
- Southington: 835 Queen Street
- Stamford: Ridgeway Shopping Center, 2275 Summer Street
- Waterford: 850 Hartford Turnpike
- Wethersfield: 1065 Silas Deane Highway
Deleware
- Wilmington: Brandywine Town Ctr, 1020 Brandywine Pky
Florida
- Apopka: 2239 East Semoran Blvd
- Boca Raton: 20560 State Road 7
- Boynton Beach: 371 N. Congress Avenue
- Brandon: 320 Brandon Town Center Drive
- Brooksville: 7187 Coastal Blvd.
- Coral Springs: 4631 North University Drive
- Delray Beach: 14824 South Military Trail
- Hialeah: 1460 W 49th St
- Homestead: 2595 NE 10th Court
- Jacksonville: 13221 City Station Drive, Suite 125
- Jacksonville: 6001 24 Argyle Forest Blvd
- Jupiter: 17450 N. Alternate A1A Suite 101
- Orlando: 397 North Alafaya Trail
- Orlando: 5295 International Drive, Suite 100
- Oviedo: 1115 Vidina Place Suite 175
- Pompano Beach: Shoppers Haven, 3459 N. Federal Highway Space 16
- Royal Palm Beach: 540 North State Road 7
- Royal Palm Beach: 550 North State Road 7
- Sanford: 111 Towne Center Blvd.
- Sebring: 1748 US 27 N.
- Sunrise: 12801 W. Sunrise Blvd., Anchor C
Georgia
- Snellville: Presidential Market Center, 1905 Scenic Hwy Suite 5000
- Suwanee: 2623 Peachtree Pkwy
- Valdosta: 1700 Norman Drive, Suite 400
BED BATH & BEYOND HAD CONCERNS ABOUT CFO'S STRESS LEVEL
Georgia
- Atlanta: 1 Buckhead Loop
Idaho
- Boise: 3615 S. Federal Way
- Twin Falls: 1933 Fillmore Street
Illinois
- Bourbonnais: 2056 North State Route 50
- Carbondale: University Mall, 1265 E. Main Street
- Champaign: Market View Shopping Center, 63 E. Marketview Dr
- Chicago: 1419 N. Kingsbury Street
- Chicago Ridge: 9650 S Ridgeland Avenue
- Crystal Lake: 5786 Northwest Highway
- Fairview Heights: Fairview Center, 6611 N. Illinois
- Forest Park: 215 Harlem Avenue
- Geneva: 1584 South Randall Road
- Gurnee: 6132 Grand Ave., Gurnee Mills Mall
- Joliet: 2850 Plainfield Road
- Quincy: 5110 Broadway Street
- Schaumburg: 915 East Golf Road
- Vernon Hills: 413 Milwaukee Ave Suite 300
- Wilmette: 3232 Lake Ave, Suite 125
Indiana
- Avon: 10350 East US Highway 36
Iowa
- Coralville: 2515 Corridor Way Suite 5
- Dubuque: 2475 N.W. Arterial
- Waterloo: 1522 Flammang Drive
Kansas
- Lawrence: 3106 S. Iowa Street, Suite 215
- Manhattan: 425 3rd Place
- Olathe: 15335 W. 119TH Street
Kentucky
- Bowling Green: 2300 Gary Farms Blvd. Suite 400
- Elizabethtown: 1998 N. Dixie Avenue
- Louisville: 4350 Summit Plaza Drive
Louisiana
- Alexandria: 3437 Masonic Drive, Suite #1060
- Bossier City: 2900 Meadow Creek Drive
Maryland
- Annapolis: 200 Harker Place Suite 200
- Bel Air: 559 Baltimore Pike
- Ocean City: 12641 Ocean Gateway Suite 240
- Westminster: 200 Clifton Blvd
Massachusetts
- Burlington: 3 Abbott Park
- Dedham: 820 Providence Highway
- Dorchester: 8B Allstate Road, Suite 1
- Milford: 230 Fortune Boulevard
- North Dartmouth: 458 State Rd, Rt 6, Suite 100
- Pittsfield: 665 Merrill Rd
- Raynham: 600 South Street West, Suite 13
- Seekonk: 35 Highland Avenue
BED BATH & BEYOND APPOINTS INTERIM CFO
Michigan
- Ann Arbor: 3645 Washtenaw Avenue
- Auburn Hills: 4780 Baldwin Rd.
- Brighton: 8467 W. Grand River
- Chesterfield: 50551 Waterside Drive
- Farmington Hills: 31075 Orchard Lake Road
- Lansing: 5845 W. Saginaw Highway
- Muskegon: 5540 Harvey Street
- Northville: Northville Retail Center, 17223 Haggerty Road
- Walker: Green Ridge Square, 3410 Alpine Avenue NW
- White Lake Twp.: 9050 Highland Road
Minnesota
- Bloomington: 7961 Southtown Center
- St. Cloud: 3959 Second Street South
Mississippi
- Hattiesburg: 6143 US Hwy 98
Missouri
- Lake St. Louis: 4 Meadows Circle Drive
- Osage Beach: 4627 Osage Beach Parkway
- St Louis: 10770 Sunset Hills Plaza
Montana
- Great Falls: 1200 10th Avenue South
Nevada
- Carson City: 911 Topsy Lane, Suite 104
- Sparks: 195 Los Altos Pkwy
New Hampshire
- Keene: 32 Ash Brook Road
New Jersey
- Brick: 479 Route 70 East
- Bridgewater: 155 Promenade Boulevard
- Carlstadt: 675 Paterson Avenue
- Clifton: 390 Route 3 West
- Closter: 123 Ver Valen Street
- Deptford: 1765 Deptford Center Road
- East Brunswick: 300 Route 18 East
- East Hanover: 392 Route 10 West
- Edgewater: 725 River Road
- Flanders: 30 International Drive, Suite 1
- Flemington: 276 Route 202/31
- Franklin: 100 D Route 23 North, Franklin Shopping Center
- Gillette: 977 Valley Road
- Greenbrook: 303 Route 22 East
- Hackensack: 370 W. Pleasant View Avenue
- Holmdel: 2145 Highway 35 - Holmdel Plaza
- Iselin: 675 Route 1 South, Suite 2
- Kinnelon: 1160 Route 23 North
- Manalapan: 13 Route 9 South
- Manalapan: 357 Route 9 South
- Matawan: 1121 Highway 34, Suite A
- Matawan: 359 Route 34 North
- Mays Landing: 190 Hamilton Commons
- Morris Plains: 1711 Route 10 East
- Mt. Laurel: 8 Centerton Road
- Newton: 10 B Route 206 North
- Ocean: 2309-200 Route 66
- Paramus: 145 Route 4 West
- Paramus: 34 E Ridgewood Ave
- Parsippany: 3189 Route 46 Morris Hills S/C
- Princeton: 601 Nassau Park Blvd.
- Raritan: 300 US Highway 202
- Rockaway: 327 Mount Hope Ave. Suite 1003
- Rockaway: 399 Route 46 West
- Short Hills: 720 Morris Turnpike
- Shrewsbury: 550 Broad Street - Route 35
- Succasunna: 275 State Route 10 E. STE 350
- Totowa: 465 Route 46 West
- Wayne: 1595 -1 Route 23 South
- Wayne: 580 Valley Road
- West Caldwell: 36 Clinton Road
- Westfield: 335 South Avenue East
- Westwood: 700 Broadway, Suite 32
New York
- Bohemia: 5131 Sunrise Highway
- Brooklyn: 459 Gateway Drive
- Brooklyn: 850 Third Avenue
- Carle Place: Carle Place Commons 167 Old Country Road
- Commack: 8 Veterans Memorial Highway
- East Elmhurst: 72 15 25th Avenue
- Elmsford: 251 East Main Street
- Farmingdale: 251 Airport Plaza Blvd.
- Hartsdale: 165-171 Central Park Avenue
- Ithaca: 131 Fairgrounds Memorial Parkway, Suite 100
- Kingston: 1187 Ulster Avenue
- Massapequa: 806 Hicksville Road
- Melville: 925 Walt Whitman Road, Route 110
- Middletown: 470 Route 211 East, Suite 3
- Mineola: 530 Jericho Turnpike
- Mt. Vernon: 500 East Sandford Blvd.
- Nanuet: 46 Rockland Plaza / Route 59
- New Hartford: 4805 Commercial Drive
- New Hyde Park: 1490 Union Turnpike
- New Rochelle: 77 Quaker Ridge Road
- New York: 2171 Broadway
- New York: 675 6TH Avenue
- Plainview: 1119 Old Country Road
- Plattsburgh: 73 Centre Drive, Suite 100
- Port Chester: 441 Boston Post Road
- Poughkeepsie: 2020 South Road, Suite 3
- Poughkeepsie: 2600 South Road
- Rochester: 790 Jefferson Rd., Suite 300
- Saratoga Springs: 3064 Route 50
- Staten Island: 2795 Richmond Avenue
- Yonkers: 2131 Central Park Avenue
North Carolina
- Charlotte: The Arboretum, 3413 Pineville-Matthews Road
- Wilson: 3401 Raleigh Road Parkway W. Building 5A
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North Dakota
- Bismarck: 1455 East Lasalle Drive
Ohio
- Cincinnati: 3681 Stone Creek Blvd.
- Columbus: 3750 Easton Market
- Hamilton: Bridgewater Falls, 3451 Princeton Road
- Huber Heights: North Heights Plaza, 8284 Old Troy Pike Road
- Perrysburg: 10027 Fremont Pike
- Sandusky: 4020 Milan Road Unit# 910
- Strongsville: 16700 Royalton Road
Oklahoma
- Lawton: 421 NW 2nd Street
Oregon
- Beaverton: 2780 SW Cedar Hills Blvd.
Pennsylvania
- Altoona: 197 Falon Lane
- Bethel Park: 1700 Oxford Drive
- Erie: 6720 Peach Street, Suite A
- Monroeville: 3739 William Penn Highway
- North Wales: 1261 Knapp Road
- Pittsburgh: 160 Quinn Drive
- Stowe: 170 Upland Square Drive
- Wynnewood: 70 E. Wynnewood Boulevard
Puerto Rico:
- Bayamon Plaza Del Sol, 725 West Main Avenue
South Carolina
- Columbia: 10136 Two Notch Road, Suite 109
- Florence: 2853 David H McLeod Blvd, Suite C
- North Charleston: 5930 Rivers Ave
- Spartanburg: 205 West Blackstock Road
Tennessee
- Hixson: 5523 Highway 153, Suite 112
- Memphis: 870 South White Station Road
Texas
- Harker Heights: 201 East Central Texas Expressway Suite 250
- Lake Worth: 6038 Azle Avenue
- Lewisville: 420 East FM 3040 Suite 300
- Lewisville: 719 Hebron Parkway
- Plano: 6400 West Plano Parkway, Suite 125
- Port Arthur: Central Mall 3100 Highway 365 Suite 114
- Temple: 2112 SW HK Dodgen Loop
- Wichita Falls: 3201 Lawrence Road Suite A
Utah
- Park City: 1678 W Redstone Center Drive
Virginia
- Chesapeake: Greenbrier MarketCenter, 1324 Greenbrier Pkwy
- Christiansburg: 135 Shoppers Way NW
- Dulles: 24670 Dulles Landing Dr Unt150
- Fairfax: 12100 Fairfax Towne Center
- Fredericksburg: 1320 Carl D Silver Parkway Suite 100
- Gainesville: 8135 Stonewall Shops Square
- Leesburg: 532 Fort Evans Road
- Lynchburg: 4026-N Wards Road
- Springfield: 6642 Loisdale Road
- Williamsburg: 4900 Monticello Ave, Suite 4
- Winchester: 2540 S. Pleasant Valley Road
Washington
- Auburn: 1101 Outlet Collection STE 1260
- Lakewood: 5830 Lakewood Towne Center Blvd., S.W.
- Vancouver: 7809B Vancouver Plaza Dr #102
- Walla Walla: 1630 W Poplar Street
West Virginia
- Morgantown: 395 Target Way
Wisconsin
- Mequon: 11110 N. Port Washington Road
- Wausau: 3575 Rib Mountain Drive
![Bed Bath & Beyond logo](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/09/931/523/Bed-Bath-Beyond.jpg?ve=1&tl=1)
Signage at a Bed Bath and Beyond store in Manhattan, New York, on June 29, 2022. (REUTERS/Andrew Kelly/File Photo / Reuters Photos)
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FOX Business' Lucas Manfredi and the Associated Press contributed to this article.
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This article, originally published on Sept. 15, 2022, has been updated.