These 37 Bed Bath & Beyond stores are closing

By CNN Newsource

Published January 6, 2022 7:54 AM

By Jordan Valinsky, CNN Business

Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close in the coming weeks.

The plans, which were announced two years ago, are part of Bed Bath & Beyond’s multi-year transformation that includes creating new, private labels, remodeling stores and focusing on e-commerce under CEO Mark Tritton.

Affected locations will be closed by the end of February and are currently having liquidation sales.

Bed Bath & Beyond is in the midst of remodeling 450 stores, representing about half of its locations, at a cost of $250 million. The company has been hit with falling sales and declining foot traffic in recent years as shoppers defect to competitors, such as Target and Amazon, which carry much of the same household basics that Bed Bath & Beyond sells.

Tritton joined Bed Bath & Beyond from Target three years ago and has led the company through a turnaround over the past few years as housebound shoppers increased their spending on kitchen and home essentials.

The retailer released earnings Thursday and missed analysts’ expectations. Same-stores sales slipped slipped 7% with sales of $1.9 billion, a 30% decline compared to the same quarter a year ago. Ongoing supply chain issues and inventory constraints cost the company about $100 million, Tritton said.

Shares were nearly 4% higher in Thursday trading.

Closing stores

Here are the 37 stores that are closing:

Alabama

Oxford: 1000 Oxford Exchange Blvd.

Arizona

Casa Grande: 1004 North Promenade Parkway
Yuma: 1212 South Castle Dome Ave.

California

Campbell: Almarida Place, 515 East Hamilton Avenue
Laguna Niguel: 32391 Golden Lantern
Milpitas: 147 Great Mall Drive
Rancho Santa Margarita: 22235 El Paseo
Tustin: Tustin Market Place II, 13692 Jamboree Road

Florida

Orange City: 963 Harley Strickland Blvd.

Georgia

Atlanta: 130 Perimeter Center West
Marietta: 4475 Roswell Road

Idaho

Pocatello: 1732 Hurley Drive

Michigan

Jackson: 1132 Jackson Crossing

Minnesota

Duluth: 1303 Miller Trunk Highway
Eagan: 1295 Promenade Place

Missouri

St. Joseph: 5201 North Belt Highway

Mississippi

Meridian: 131 S. Frontage Road

New Jersey

Edgewater: Edgewater Commons, 489 River Road

New York

Auburn: Auburn Plaza, 217 Grant Ave.
Canandaigua: 328 Eastern Blvd.
Glenmont: 388 Feura Bush Road
Niagara Falls: 1520 Military Road
Plainview: 401 S. Oyster Bay Road
Port Chester: 25 Waterfront Place
Spring Valley: 14B Spring Valley Marketplace

Ohio

Mansfield: Ontario Towne Center, 2259 Walker Lake Road

Pennsylvania

Pittsburgh: 7507 McKnight Road
York: 2845 Concord Road

Texas

Brownsville: Sunrise Palms Shopping Center, 3000 Pablo Kisel Blvd.
San Angelo: 4169 Sunset Drive

Virginia

Vienna: 2051 Chain Bridge Road

Washington

East Wenatchee: 511 Valley Mall Parkway
Longview: 200 Triangle Center

Seattle: 2600 SW Barton St.

Union Gap: 1740 East Washington St.

Wisconsin

Sheboygan: Memorial Mall, 3347 Kohler Memorial Drive

West Virginia

Triadelphia: 555 Cabela Drive

Article Topic Follows: CNN - Business/Consumer

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