Major Bed Bath and Beyond update for shoppers as retailer hints at bankruptcy – list of stores already set to close
BED Bath & Beyond appears to be fading away as bankruptcy is on the table and various stores across the country are set to close.
The home goods retailer has been warning for months of its plans to close 150 stores.
Bed Bath & Beyond has also been cautioning about possible bankruptcy – and it revealed some more troubling news in a Securities and Exchange Commission filing.
It said that it "does not have sufficient resources to repay the amounts under the Credit Facilities and this will lead the Company to consider all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code."
Specifically, Bed Bath & Beyond has defaulted on its credit line with JPMorgan Chase & Co.
It owes $550million to the big financial services firm and another $375million to lender Sixth Street.
READ MORE ON RETAIL
The loans came as Bed Bath & Beyond has been struggling to stay afloat financially.
For example, net sales for the company’s third-quarter ending November 26 were about $1.26billion.
This number was considerably lower than the $1.88billion in sales at the same time in 2021.
Net loss during the same period widened to about $393million from $267.43million.
Most read in Money
In total, Bed Bath & Beyond reportedly has around $1.2billion in debt.
WHERE STORES ARE CLOSING
Bed Bath & Beyond has confirmed a list of at least 120 stores it will be closing.
While exact dates have not been revealed, the stores set to close are:
Arizona
- 2039 N. Power Road, Mesa, 85215
- 9590 East 22nd Street, Tucson, 85748
- 5225 South Calle Santa Cruz, Tucson, 85706
- 34750 North Valley Parkway, Phoenix, 85086
- 21258 South Ellsworth Loop Road, Queen Creek, 85142
- 7475 North La Cholla Blvd., Tucson, 85741
California
- Valencia Marketplace, 25540 The Old Road, Valencia, 91381
- 394 East H Street, Chula Vista, 91910
- 5353 Almaden Expressway, Suite A-200, San Jose, 95118
- 8390 On The Mall #237, Buena Park, 90620
- 9918 Mission Gorge Road, Santee, 92071
- 1140 Hilltop Drive, Redding, 96003
- 1320 South Beach Blvd., La Habra, 90631
- 75 Lakewood Center Mall, Lakewood, 90712
- 2601 Larkspur Landing Circle, Larkspur, 94939
- 39421 10th Street, West Palmdale, 93551
- 5719 Lone Tree Way, Antioch, 94531
- 3611 N. Freeway Blvd., Sacramento, 95834
- 15555 East 14th Street, Suite 240, San Leandro, 94578
- 201 East Magnolia Blvd., Burbank, 91501
- 117 General Stilwell Drive, Marina, 93933
Colorado
- 5737 N. Elizabeth Street, Pueblo, 81008
Connecticut
- Ridgeway Shopping Center, 2275 Summer Street, Stamford, 06905
- 2045 Dixwell Avenue, Hamden, 06514
- 850 Hartford Turnpike, Waterford, 06385
Delaware
- Brandywine Town Ctr, 1020 Brandywine Pky., Wilmington, 19803
Florida
- 12801 W. Sunrise Blvd., Anchor C, Sunrise, 33323
- 5295 International Drive, Suite 100, Orlando, 32819
- 1115 Vidina Place Suite 175, Oviedo, 32765
- 111 Towne Center Blvd., Sanford, 32771
- Shoppers Haven, 3459 N. Federal Highway Space 16, Pompano Beach, 33064
- 1748 US 27 N., Sebring, 33870
- 7187 Coastal Blvd., Brooksville, 34613
- 2595 NE 10th Court, Homestead, 33033
- 550 North State Road 7 Royal, Palm Beach, 33411
Georgia
- Presidential Market Center, 1905 Scenic Hwy Suite 5000, Snellville, 30078
- 2623 Peachtree Pkwy., Suwanee, 30024
- 1700 Norman Drive, Suite 400, Valdosta, 31601
Iowa
- 1522 Flammang Drive, Waterloo, 50702
- 2475 N.W. Arterial, Dubuque, 52002
Idaho
- 1933 Fillmore Street, Twin Falls, 83301
Illinois
- 6132 Grand Ave., Gurnee Mills Mall, Gurnee, 60031
- 915 East Golf Road, Schaumburg, 60173
- Fairview Center, 6611 N. Illinois, Fairview Heights, 62208
- Market View Shopping Center, 63 E. Marketview Dr., Champaign, 61820
- University Mall, 1265 E. Main Street, Carbondale, 62901
- 2850 Plainfield Road, Joliet, 60435
- 413 Milwaukee Ave Suite 300, Vernon Hills, 60061
- 2056 North State Route 50, Bourbonnais, 60914
- 5110 Broadway Street, Quincy, 62305
- 1419 N. Kingsbury Street, Chicago, 60642
Indiana
- 10350 East US Highway 36, Avon, 46123
Kansas
- 3106 S. Iowa Street, Suite 215, Lawrence, 66046
- 425 3rd Place, Manhattan, 66502
Kentucky
- 1998 N. Dixie Avenue, Elizabethtown, 42701
- 2300 Gary Farms Blvd. Suite 400, Bowling Green, 42104-4418
Louisiana
- 2900 Meadow Creek Drive, Bossier City, 71111
- 3437 Masonic Drive, Suite #1060, Alexandria, 71301
Massachusetts
- 35 Highland Avenue, Seekonk, 02771
- 8B Allstate Road, Suite 1, Dorchester, 02125
- 230 Fortune Boulevard, Milford, 01757
Maryland
- 559 Baltimore Pike, Bel Air, 21014
Michigan
- 31075 Orchard Lake Road, Farmington Hills, 48334
- Northville Retail Center, 17223 Haggerty Rd., Northville, 48167
- 4780 Baldwin Rd., Auburn Hills, 48326
- 3645 Washtenaw Avenue, Ann Arbor, 48104
- 5540 Harvey Street, Muskegon, 49444
- 8467 W. Grand River, Brighton, 48116-2324
- 5845 W. Saginaw Highway, Lansing, 48917
- Green Ridge Square, 3410 Alpine Avenue NW, Walker, 49544
- 50551 Waterside Drive, Chesterfield, 48051
- 9050 Highland Road, White Lake Twp.,48386
Minnesota
- 3959 Second Street South, St. Cloud, 56301
Missouri
- 4 Meadows Circle Drive, Lake St. Louis, 63367
- 4627 Osage Beach Parkway, Osage Beach, 65065
Mississippi
- 6143 U.S. Hwy. 98, Hattiesburg, 39402
Montana
- 1200 10th Avenue South, Great Falls, 59405
North Carolina
- The Arboretum, 3413 Pineville-Matthews Rd., Charlotte, 28226
- 3401 Raleigh Road Parkway W. Building 5A, Wilson, 27896
New Hampshire
- 32 Ash Brook Road, Keene, 03431
New Jersey
- 34 E Ridgewood Ave, Paramus, 07652
- 30 International Drive, Suite 1, Flanders, 07836
- 13 Route 9 South, Manalapan, 07726
- 601 Nassau Park Blvd., Princeton, 08540
- 327 Mount Hope Ave. Suite 1003, 07866
- 399 Route 46 West, Rockaway, 07866
- 3189 Route 46 Morris Hills S/C, 07054 Parsippany, 07054
Nevada
- 911 Topsy Lane, Suite 104, Carson City, 89705
- 195 Los Altos Pkwy., Sparks, 89436
New York
- 470 Route 211 East, Suite 3, Middletown, 10940
- 500 East Sandford Blvd., Mt. Vernon, 10550
- 4805 Commercial Drive, New Hartford, 13413
- 1187 Ulster Avenue, Kingston, 12401
- 73 Centre Drive, Suite 100, Plattsburgh, 12901
- 251 Airport Plaza Blvd., Farmingdale, 11735
- 131 Fairgrounds Memorial Parkway, Suite 100, Ithaca, 14850-5321
- 2795 Richmond Avenue, Staten Island, 10314-5857
Ohio
- Bridgewater Falls, 3451 Princeton Road, Hamilton, 45011
- North Heights Plaza, 8284 Old Troy Pike, Road, Huber Heights, 45424
- 3681 Stone Creek Blvd., Cincinnati, 45251
- 10027 Fremont Pike, Perrysburg, 43551
- 16700 Royalton Road, Strongsville, 44136
- 4020 Milan Road, Unit# 910, Sandusky, 44870
Oklahoma
- 421 NW 2nd Street, Lawton, 73507
Oregon
- 2780 SW Cedar Hills Blvd., Beaverton, 97005
Pennsylvania
- 70 E. Wynnewood Blvd., Wynnewood, 19096
- 6720 Peach Street, Suite A, Erie, 16509
- 197 Falon Lane, Altoona, 16602
- 170 Upland Square Drive, Stowe, 19464
Puerto Rico
- Plaza Del Sol, 725 West Main Avenue, Bayamon, 00961
South Carolina
- 2853 David H McLeod Blvd, Suite C, Florence, 29501
- 10136 Two Notch Road, Suite 109, Columbia, 29229
Texas
- 3201 Lawrence Road Suite A, Wichita Falls, 76308
- 6038 Azle Avenue, Lake Worth, 76135
- Central Mall 3100 Highway 365 Suite 114, Port Arthur, 77642
- 201 East Central Texas Expressway Suite 250, Harker Heights, 76548
Virginia
- 4026-N Wards Road, Lynchburg, 24502
- 135 Shoppers Way NW, Christiansburg, 24073
- 8135 Stonewall Shops Square, Gainesville, 20155
- 532 Fort Evans Road, Leesburg, 20176
- 1320 Carl D Silver Parkway Suite 100, Fredericksburg, 22401
Washington
- 1101 Outlet Collection STE 1260, Auburn, 98001
- 5830 Lakewood Towne Center Blvd., S.W., Lakewood, 98499
Wisconsin
- 11110 N. Port Washington Road, Mequon, 53092
OTHER RETAILERS CLOSING
Meanwhile, Bed Bath & Beyond isn't the chain shuttering multiple locations.
CVS and Walgreens are set to start closing locations starting next week.
Locations in Illinois, Texas, Vermont, and Washington DC will be affected.
Other retailers, including Big Lots and Macy's plan to close multiple locations within the next few months.
The increase in store closures has been dubbed the "retail apocalypse."
For more related stores, four major grocery stores, including Walmart, are closing multiple locations starting this month.
Read More on The US Sun
Dollar General, Five Below, and Family Dollar announce major store changes.
And 11 tricks helped a shopper cut her grocery bill by $100.