Bed Bath and Beyond is closing 87 more stores. See the list

New York

Bed Bath & Beyond is closing another 87 stores as struggling retailer Barrel heads toward bankruptcy.

These closures are in addition to the 150 closures Bed Bath & Beyond announced last August. Included in the new list are 5 BuyByBaby locations and all 49 remaining Harmon Face Value stores that sell cosmetics, as well as many of the retailer’s flagship brand stores across the country.

“As we continue to consider several avenues with our advisors, we are taking actions to manage our business as efficiently as possible,” a Bed Bath & Beyond spokesperson told CNN. “This store fleet reduction extends the company’s ongoing closing program.”

A spokeswoman for the company also confirmed Wednesday night that it had defaulted on the bond payment on February 1, and that it had entered a one-month grace period. Debtors often have a 30-day grace period to make payments before entering default.

“We remain committed to updating and finalizing all stakeholders on our plans,” the spokesperson said.

The spokesperson could not confirm the Bed Bath & Beyond outstanding amount. However, the Wall Street Journal reported that Bed Bath & Beyond “failed to pay more than $28 million on three tranches of approximately $1.2 billion in notes due on February.”

Established in 1971, Bed Bath & Beyond became a staple for affordable home decor, kitchenware, and college dorm room furniture. The retailer is known for its ubiquitous 20% off blue coupons, and cavernous stores with merchandise piled high to the ceiling. Bed Bath grew its corporate footprint aggressively, reaching 1,552 stores in 2017.

But it has struggled to transition to online shopping and shut down big chains like Walmart and Target. The retailer began making smaller trims in 2018 and, in the year before the pandemic, began closing hundreds of stores, primarily its Bed, Bath & Beyond operations, and getting rid of some of its weaker brands, such as its Christmas Tree Shops.

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As of last February, the company had 953 stores left, and it has since announced plans to close more than 200 additional stores.

The closure not only reduced the number of employees and salary expenses, but also reduced the rent it paid. The company’s total store square footage is expected to decline by 36% over the four fiscal years ending in February 2022.

But some troubled retailers have shrugged off long-term problems by single-handedly closing stores. Closures not only reduce costs, but also reduce sales. Still, for a cash-starved company like Bed, Bath & Beyond, liquidating inventory can help raise the cash it needs to help fund operations through restructuring.

Last week, the company warned in a regulatory filing that it had received a notice of default from its lender JPMorgan Chase. The company said that “at this time, the company does not have sufficient resources to repay the amounts under the credit facilities and this requires the company to consider all strategic options including restructuring its debt under the US Bankruptcy Code.”

Bed Bath & Beyond defaulted on or around January 13, according to a Securities and Exchange Commission filing. It may be forced to file for Chapter 11 bankruptcy reorganization due to financial woes.

These are the locations where Bed Bath & Beyond plans to close in the coming weeks:

  • 6850 US Highway 90 Anchor D in Daphne, Alabama
  • 4122 McCain Blvd. in North Little Rock, Arkansas
  • 1834 South Signal Butte Road in Mesa, Arizona
  • Calle Barcelona Suite 100 at 1905 Carlsbad, California
  • 10822 Jefferson Blvd. in Culver City, California
  • 2385 Iron Point Rd. in Folsom, California
  • 1405 East Gladstone Street in Glendora, California
  • 14351 Hindry Avenue in Hawthorne, California
  • 72459 Highway 111 in Palm Desert, California
  • at 10537 4S Commons Drive, Suite 170 San Diego, California
  • 165 S Las Posas Road in San Marcos, California
  • 1865 North Campus Avenue, Building #15 in Upland, California
  • 3125 South Mooney Blvd. in Visalia, California
  • 1605 Fall River Drive in Loveland, Colorado
  • 16531 Washington Street in Thornton, Colorado
  • 20 Hazard Avenue in Enfield, Connecticut
  • 2260 Kings Highway in Fairfield, Connecticut
  • 835 Queen Street in Southington, Connecticut
  • 1065 Silas Dean Highway in Weatherfield, Connecticut
  • 2239 East Semoran Blvd in Apopka, Florida
  • 20560 State Road 7 in Boca Raton, Florida
  • 371 North Congress Avenue in Boynton Beach, Florida
  • 320 Brandon Towne Center Dr in Brandon, Florida
  • 4631 North University Dr in Coral Springs, Florida
  • 14824 South Military Trail at Delray Beach, Florida
  • 1460 West 49th St in Hialeah, Florida
  • 6001 24 Argyle Forest Blvd in Jacksonville, Florida
  • 3221 City Station Drive, Suite 125 in Jacksonville, Florida
  • 397 North Alfaya Trail in Orlando, Florida
  • 540 North State Road 7 in Royal Palm Beach, Florida
  • 1 Buckhead Loop in Atlanta, Georgia
  • 3615 South Federal Way in Boise, Idaho
  • 9650 South Ridgeland Avenue in Chicago Ridge, Illinois
  • 5786 Northwest Highway in Crystal Lake, Illinois
  • 215 Harlem Avenue in Forest Park, Illinois
  • 1584 South Randall Rd. in Geneva, Illinois
  • Suite 125 at 3232 Lake Ave., Wilmette, Illinois
  • 2515 Corridor Way Suite 5 in Coralville, Iowa
  • 15335 West 119th Street in Olathe, Kansas
  • 4350 Summit Plaza Drive in Louisville, Kentucky
  • 200 Harker Place Suite 200 at Annapolis, Maryland
  • 12641 Ocean Gateway Suites 240 in Ocean City, Maryland
  • 200 Clifton Blvd in Westminster, Maryland
  • 3 Abbott Park in Burlington, Massachusetts
  • 820 Providence Highway in Dedham, Massachusetts
  • Suite 100 at 458 State Road, RT 6, North Dartmouth, Massachusetts
  • 665 Merrill Road in Pittsfield, Massachusetts
  • Suite 13 at 600 South Street West, Raynham, Massachusetts
  • 7961 Southtown Center in Bloomington, Minnesota
  • 10770 Sunset Hills Plaza in St. Louis, Missouri
  • 155 Promenade Blvd. in Bridgewater, New Jersey
  • 276 Route 202/31 in Flemington, NJ
  • 1160 Route 23 North in Kinelon, NJ
  • Suite A at 1121 Highway 34, Matawan, NJ
  • 190 Hamilton Commons in Mays Landing, NJ
  • 8 Centerton Road in Mount Laurel, New Jersey
  • 5131 Sunrise Highway in Bohemia, New York
  • 850 Third Avenue in Brooklyn, New York
  • 459 Gateway Drive in Brooklyn, New York
  • 72 15 25th Avenue in East Elmhurst, NY
  • 251 East Main Street in Elmsford, New York
  • 1490 Union Turnpike in New Hyde Park, New York
  • Suite 3 at 2020 South Road, Poughkeepsie, NY
  • 3064 Route 50 in Saratoga Springs, NY
  • 1455 East Lasalle Drive in Bismarck, North Dakota
  • 3750 Easton Market in Columbus, Ohio
  • 1700 Oxford Drive in Bethel Park, Pennsylvania
  • 3739 William Penn Highway in Monroeville, Pennsylvania
  • 1261 Knapp Road in North Wells, Pennsylvania
  • 160 Quinn Drive in Pittsburgh, Pennsylvania
  • 205 West Blackstock Road in Spartanburg, South Carolina
  • Suite 112 at 5523 Highway 153, Hixson, Tennessee
  • 870 South White Station Road in Memphis, Tennessee
  • 420 East FM 3040 Suite 300 in Louisville, TX
  • Suite 125 at 6400 West Plano Parkway, Plano, TX
  • 2112 SW HK Dozen Loop at Temple, TX
  • 1678 West Redstone Center Drive in Park City, Utah
  • 1324 Greenbrier Parkway in Chesapeake, Virginia
  • Unit 150 at 24670 Dulles Landing Dr Dulles, Virginia
  • 12100 Fairfax Towne Center in Fairfax, Virginia
  • 6642 Louisdale Rd. in Springfield, Virginia
  • 4900 Monticello Ave, Suite 4 in Williamsburg, Virginia
  • 2540 South Pleasant Valley Road in Winchester, Virginia
  • 7809B Vancouver Plaza Dr #102 in Vancouver, WA
  • 1630 West Poplar Street in Walla Walla, Washington
  • 395 Target Way in Morgantown, West Virginia
  • 3575 Rib Mountain Drive in Wausau, Wisconsin
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– CNN’s Chris Isidore contributed to this report


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