Bed Bath & Beyond Closing 200 Stores! LIST
If you’ve got any $5 off $15 or $10 off $30, or 20% off Bed Bath & Beyond coupons laying around, then you might need to use them soon. Because, they’ve announced that they’re closing 200 stores!
In other words, Bed Bath & Beyond is looking to shutter about 200 “redundant” stores over the next two years. As a result, look for liquidation sales to be announced in the coming weeks and months.
Bed Bath & Beyond COVID Response
Bed Bath & Beyond temporarily closed all retail banner stores on March 23rd across the US and Canada excluding most buybuyBABY and Harmon Face Values stores. As of now, most have reopened. During the closure they converted ~25% of Bed Bath & Beyond and buybuyBABY stores in the US/Canada into regional fulfillment centers. This allowed them to assign orders locally and deliver quickly. In addition, they rolled out an accelerated launch of BOPIS and Curbside Pickup fulfillment services.
The majority of Bed Bath & Beyond store associates and certain corporate employees were furloughed because of the pandemic. In addition, the company also owns retail chains like Buy Buy Baby and Cost Plus Inc.
Which Bed Bath & Beyond Locations are Closing?
The company announced these new closures in its July 8th first-quarter investor-relations presentation. Additionally noting that closures would “mostly” affect Bed Bath & Beyond.
Going forward, Bed Bath & Beyond will “lean into store closures” and “leverage significant lease expirations coming due” in an effort to turn things around, according to the presentation. The company has also cut “expenses associated with the maintenance of stores.”
From its SEC filing: In addition, as part of the extensive business transformation underway, the Company continues to drive strong actions as part of its ongoing restructuring program. These include, among other things, efforts to reduce cost of goods and drive supply chain transformation to address gross margin pressures related to the substantial shift of sales to digital channels. Furthermore, the Company plans to right-size its real estate portfolio by closing approximately 200 mostly Bed Bath & Beyond stores over the next two years and focus on other SG&A expense reductions.
Naturally, our hearts go out to the employees affected by these shutdowns. And, to the consumers who rely on these stores.
COVID Retail Apocalypse
This news comes on the heels of retail giants such as J.C. Penney declared bankruptcy and plans to close 200 stores, And, Victoria’s Secret and Bath & Body Works announced they were closing 300 stores. Gordmans bankruptcy and store closings. Tuesday Morning stores declare bankruptcy. And, of course, Pier One Imports closing all of their stores. Shortly after Neiman Marcus, another department store giant, declared Chapter 11 bankruptcy amid the coronavirus pandemic. And, most recently The Children’s Place announced they would close 300 stores. and 24-Hour fitness closes doors to nearly half of its clubs. See all of the recent store closings in the Covid Retail Apocalypse.
See all the 2020 Stores Closing here.
Bed Bath & Beyond List of Locations Closing
While the new list of 200 more stores hasn’t yet been decided or announced, here is the list of 40 store closings announced in January. Of course, we will update you when we get the new list.
Chino Hills: 13021 Peyton Drive
Encino: 17401 Ventura Blvd.
Hemet: 1165 S. Sanderson Ave.
Santa Clarita: 19211 Golden Valley Road
Tracy: 2886 West Grant Line Road
Shelton: 862 Bridgeport Ave.
District of Columbia
Washington D.C.: 709 7th Street NW
Tampa: 12803 Citrus Plaza Drive
Honolulu: 1200 Ala Moana Blvd.
Council Bluffs: 3706 Metro Drive
West Des Moines: 6805 Mills Civic Parkway
Chicago: 530 N. State Street
McHenry: 3340 Shoppers Drive
Mount Prospect: 1057 N. Elmhurst Rd.
Baton Rouge: 9001 Florida Blvd., Suite E
Owings Mills: 10300 Reisterstown Road
Parsippany: 790 Route 46
Newton: 17 Hampton House Road, Suite 8
Sewell: 141 Tuckahoe Road Suite 190
Rio Rancho: 3575 NM HWY 528 NE Ste C
Cheektowaga: 3781 Union Road Suite #100
West Nyack: 1406 Palisades Center Drive
Bronx: 610 Exterior Street
Grand Forks: 3841 32nd Avenue South
Cincinnati: 6068 Glenway Avenue
Grove City: Parkway Centre South, 1747 Stringtown Road
Mayfield Heights: East Gate Shopping Center, 1371 SOM Center Road
North Olmsted: 25975 Great Northern Plaza
Johnstown: Richland Town Centre, 340 Town Centre Drive
Muncy: 290 South Lycoming Mall Road
Providence: 24 Providence Place Space #M1
Austin: 9600 IH-35 Service Road SB Building O
Harlingen: 2817 W. Expressway 83 Frontage
Houston: West Oaks Shopping Ctr, 2306 S Hwy 6
Houston: 700 Meyerland Plaza
6675 Highway 6 North, Houston
Midvale: The Family Center at Fort Union, 7210 S. Union Park Ave.
West Valley City: 3595 S. Constitution Blvd.
Stafford: 1190 Stafford Marketplace
Racine: 2360 S. Green Bay Road
British Columbia, Canada
3600 Central City, 10153 King George Highway, Surrey