![]() The company said it anticipates keeping 360 of its namesake stores in addition to 120 BuyBuy Baby stores.īed Bath & Beyond also said in the filing that it expects sales at stores opened at least a year to be down anywhere from 30% to 40% during its first fiscal quarter, with "sequential quarterly improvement after that."įor more local news delivered straight to your inbox sign up for our daily newsletter by clicking here. The company has not released the list of of which stores are closing. Over the last several weeks, Bed Bath and Beyond has closed 400 of its approximately 800 stores in the U. Bed Bath and Beyond has announced it is closing 150 stores and laying off 20 percent of its staff. Geneva is one of the 150 stores that were added to the closure list Tuesday. That includes the remaining 50 standalone Harmon Face Value Stores, which sells beauty and household products. Bed Bath and Beyond managed to reach a deal to stave off bankruptcy, but that's going to be much consolation to local shoppers. According to a regulatory filing, it will have shuttered more than 400 stores, nearly half of its fleet. The latest store closures come as the chain has been reducing its footprint dramatically over the past year. A few weeks later, it said it was in default on its loans and didn't have sufficient funds to repay what it owes.ĪLSO SEE: Call centers in Oklahoma prisons could be back in business after months-long investigation ![]() In early January, Bed Bath & Beyond warned that it may need to file for bankruptcy. The funds will be used to pay off its debt, it said.ĪLSO SEE: Boy in stolen car killed in shootout after owner uses app to track down his vehicle The announcement came after the company based in Union, New Jersey, said it had raised about $1 billion through offerings of preferred stock and warrants to purchase the company's common stock. OKLAHOMA CITY (KOKH/AP) - Struggling retailer Bed Bath & Beyond is closing 150 more stores, including four in Oklahoma.
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