Bed Bath & Beyond is closing a further 87 stores, as the troubled dwelling items retailer seeks to consolidate its belongings forward of a potential bankruptcy submitting.
The corporate confirmed the closures in an announcement, including it was additionally closing all Harmon well being and sweetness retailer areas.
“As we work with our advisors to think about a number of paths, we’re implementing actions to handle our enterprise as effectively as potential,” it stated, including that it is analyzing its retailer footprint “primarily based on quite a lot of components.”
Bed Bath & Beyond quarterly losses larger than anticipated
Jan. 10, 202301:23
The chain can be closing 5 buybuy BABY stores. In whole, the corporate has introduced 237 retailer closures since final yr.
The most recent closures have an effect on stores nationwide; a full record of the newest areas shutting down could be discovered right here.
On Tuesday, Reuters reported Bed Bath & Beyond may file for bankruptcy as quickly as this week. Final week, the corporate stated it defaulted on a mortgage to JP Morgan Chase and Co.
