37 Bed Bath & Beyond stores close (List)
Bed Bath & Beyond revealed the locations of 37 of the roughly 200 stores it plans to close in the coming weeks.
From the list of closures, one of the stores is located in Florida, specifically in Orange County: 963 Harley Strickland Blvd.
The plans, which were announced two years ago, are part of Bed Bath & Beyond's multi-year transformation that includes the creation of new private labels, refurbishment of stores and a focus on e-commerce under CEO Mark Tritton. .
The affected locations will close at the end of February and are currently having clearance sales.
Bed Bath & Beyond is remodeling 450 stores, which is about half of its locations, at a cost of $250 million. The company has been hit by declining sales and declining foot traffic in recent years as shoppers are diverted to competitors, such as Target and Amazon, which carry many of the same home essentials it sells. Bed Bath & Beyond.
Tritton joined Bed Bath & Beyond from Target three years ago and has steered the company around in recent years as homebound shoppers increased their spending on kitchen and home essentials.
37 Bed Bath & Beyond stores across the US are closing, including a Florida location. https://t.co/WRc4J6huPT
— WSVN 7 News (@wsvn) January 6, 2022
The retailer released earnings on Thursday and missed analysts' expectations. Same-store sales fell 7% with sales of $1.9 billion, a 30% decrease compared to the same quarter a year ago. Ongoing supply chain issues and inventory limitations cost the company about $100 million, Tritton said.
The shares were up almost 4% in trading on Thursday.
List of 37 stores that will close
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 Cabelas Drive
Miami Daily
Author: Patricia Chung 8:36 pm