Bed Bath & Beyond is closing 150 stores. Here are the locations confirmed so far.
- Bed Bath & Beyond is closing around 150 stores and laying off staff.
- Sales in the second quarter slumped roughly 26%, and it is aggressively cutting costs.
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.
Here's the full list so far.
Arizona
Phoenix: 34750 N. North Valley Parkway, 85086
Tucson: 5225 South Calle, Santa Cruz, 85706
California
Burbank: 201 East Magnolia Blvd., 91501
Lakewood: 75 Lakewood Center Mall, 90712
Larkspur: 2601 Larkspur Landing Circle, 94939
Marina: 117 General Stilwell Drive, 93933
Palmdale: 39421 10th Street West, 93551
Redding: 1140 Hilltop Drive, 96003
San Leandro: 15555 East 14th Street, Suite 240, 94578
Santee: 9918 Mission Gorge Road, 92071
Connecticut
Stamford: Ridgeway Shopping Center, 2275 Summer Street, 06905
Waterford: 850 Hartford Turnpike, 06385
Florida
Sanford: 111 Towne Center Blvd., 32771
Sunrise: 12801 W. Sunrise Blvd., Anchor C, 33323
Georgia
Snellville: Presidential Market Center, Suite 5000, 1905 Scenic Hwy, 30078
Suwanee: 2623 Peachtree Pkwy, 30024
Iowa
Dubuque: 2475 NW Arterial, 52002
Waterloo: 1522 Flammang Drive, 50702
Illinois
Bourbonnais: 2056 North State Route 50, 60914
Carbondale: Carbondale University Mall, 1265 E. Main Street, 62901
Fairview Heights: Fairview Center, 6611 N. Illinois, 62208
Gurnee: Gurnee Mills Mall, 6132 Grand Ave, 60031
Joliet: 2850 Plainfield Road, 60435
Schaumburg: 915 East Golf Road, 60173
Louisiana
Bossier City: 2900 Meadow Creek Drive, 71111
Massachusetts
Dorchester: 8B Allstate Road, Suite 1, 02125
Milford: 230 Fortune Boulevard, 01757
Seekonk: 35 Highland Avenue, 02771
Michigan
Chesterfield: 50551 Waterside Drive, 48051
Farmington Hills: 31075 Orchard Lake Road, 48334
Northville: Northville Retail Center, 17223 Haggerty Rd., 48167
Walker: Green Ridge Square, 3410 Alpine Avenue NW, 49544
White Lake Twp: 9050 Highland Road, 48386
Minnesota
St. Cloud: 3959 Second Street South, 56301
North Carolina
Charlotte: The Arboretum, 3413 Pineville-Matthews Rd., 28226
New Jersey
Flanders: 30 International Drive, Suite 1, 07836
Manalapan: 13 Route 9 South, 07726
Paramus: 34 E Ridgewood Ave, 07652
Nevada
Sparks: 195 Los Altos Pkwy, 89436
New York
Farmingdale: 251 Airport Plaza Blvd., 11735
Middletown: 470 Route 211 East, Suite 3, 10940
Mt. Vernon: 500 East Sandford Blvd., 10550
New Hartford: 4805 Commercial Drive, 13413
Plattsburgh: 73 Centre Drive, Suite 100, 12901
Ohio
Cincinnati: 3681 Stone Creek Blvd., 45251
Hamilton: Bridgewater Falls, 3451 Princeton Road, 45011
Perrysburg: 10027 Fremont Pike, 43551
Sandusky: 4020 Milan Road, Unit 910, 44870
Oregon
Beaverton: 2780 SW Cedar Hills Blvd., 97005
Pennsylvania
Wynnewood: 70 E. Wynnewood Blvd., 19096
Puerto Rico
Bayamon: Plaza Del Sol, 725 West Main Avenue, 00961
Texas
Port Arthur: Central Mall, 3100 Highway 365, Suite 114, 77642
Wichita Falls: 3201 Lawrence Road, Suite A, 76308
Virginia
Christiansburg: 135 Shoppers Way NW, 24073
Leesburg: 532 Fort Evans Road, 20176
Washington
Lakewood: 5830 Lakewood Towne Center Blvd, S.W., 98499