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Bed Bath & Beyond Closing Over 20% Of Stores

There’s going to be less Bed Bath & Beyond stores in the world. Earlier this year, the company announced plans to close 200 of their stores, cutting a high level of employees. 2,8000 of employees are now out of work. Before the year ends, 63 of the company’s stories will close down for good. 

200 Stores

Across 29 states, the stores are shutting their doors. California and New York are losing the most stores, too. Six locations in each state are shuttering. Originally, the business was only going to pull the plug on 60 locations, but as the year progressed, 200 were announced. It’s a significant loss, as the company has a total of only 955 stores in the United States.

Rebuilding

During quarter one of this year, Bed Bath & Beyond was hit hard by the pandemic. Business improved with online orders and curbside pickup, but now, the company needs to rebuild. “As we rebuild our authority and establish a truly omni-always shopping experience for our customers, we recently announced a store optimization plan that will see us establish the right network of stores to serve our customers,” company spokeswoman Jessica Joyce told USA TODAY.

Money Saved

Bed Bath & Beyond will save anywhere between $250 to $350 million annually after closing 200 locations. According to CEO Mark Tritton, COVID-19 was “felt across our business during our fiscal first quarter, including loss of sales due to temporary store closures.” The company’s properties in Canada, where they have 262 locations, are safe for the moment. Those locations go by the names of World Market, Cost Plus World Market and Cort Plus and more. There are Bed Bath & Beyonds in Mexico, as well, but those locations are safe at the moment, too. The company, which started in 1971 under the name of Bed ‘n Bath, is approaching its 50th anniversary and struggling. (The first Ben ‘n Bed opened in Springfield, New Jersey.)

Surviving COVID-19

Earlier this year, the closings were a sign of bad news for Bed Bath & Beyond. By May, however, 60% of the company’s stores were open and available for buy-online-pickup-in-store and curbside pickup. Sales shot up 82% as a result. The sales kept rising from there, too. “In this COVID moment, we believe we can take this opportunity to not just simply close stores, but to pivot and reshape and truly optimize our store footprint,” John Hartmann, executive Vice President, said. “We continue to believe that our physical store channel is an asset for us, as we transform into a digital-first company.”

The Closings

60 stores will close by the end of 2020. Within the next two years, 200 stories will be closed for good. Earlier this year, Bed Bath & Beyond revealed which locations they’re closing:

California

  • City of Industry: 21640 Valley Blvd.
  • Fremont: 39125 Fremont Hub
  • Mira Loma: 6365 Pats Ranch Road
  • Paso Robles: 2449 Golden Hill Road
  • Stockton: 10822 Trinity Parkway
  • Victorville: 12410 Amargosa Road

Colorado

  • Aurora: 23901 E. Orchard Road
  • Greeley: 4735 29th St.

Connecticut

  • Danbury: 13 Sugar Hollow Road
  • Farmington: 1603 Southeast Road
  • Milford: 1212 Boston Post Road
  • Torrington: 1914 East Main St.

Florida

  • Casselberry: 5803 S US Highway 17/92
  • Pembroke Pines: 11470 Pines Blvd.
  • Port St. Lucie: 10856 SW Village Parkway

Georgia

  • Douglasville: 6680 Douglas Blvd.

Illinois

  • Bolingbrook: 734 East Boughton Road
  • Chicago: 2838 North Broadway
  • DeKalb: 2530 Sycamore Road
  • Orland Park: 203 Orland Park Place

Indiana

  • Bloomington: 280 N. Gates Drive
  • Indianapolis: 6010 West 86th St.
  • Indianapolis: 8655 N. River Crossing Blvd.
  • Merrillville: 2520 East 79th Ave.

Kentucky

  • Lexington: 3220 Nicholasville Road

Louisiana

  • Harvey: 901 Manhattan Blvd.

Maine

  • Auburn: 730 Center St.

Maryland

  • Gaithersburg: 558 N. Frederick Ave.
  • Hanover: 7000 Arundel Mills Circle
  • Salisbury: 2653 N. Salisbury Blvd.

Michigan

  • Allen Park: 3180 Fairlane Drive

Missouri

  • Kansas City: 8520 North Evanston Ave.

Nebraska

  • Lincoln: 5040 N. 27th Street

New Jersey

  • Howell: 4075 Route 9
  • Rockaway: 202 Enterprise Drive

New York

  • Flushing: 40-24 College Point Blvd.
  • New York: 410 E. 61st St.
  • Rochester: 3349 Monroe Ave.
  • Staten Island: 2700 Veterans Road West
  • Syracuse: 3597 W Genesee St.
  • Watertown: 21855 Towne Center Drive

North Carolina

  • Concord: 8241 Concord Mills Blvd.
  • Raleigh: 6270 Glenwood Ave.

Ohio

  • Beavercreek: 2720 Towne Drive
  • Columbus: 1170 Polaris Parkway
  • Holland: 1230 S. Holland Sylvania Road
  • Pickerington: 1750 Hill Road North

Oregon

  • Gresham: 719 NW 12th St.

Pennsylvania

  • Plymouth Meeting: 2410 Chemical Road

Tennessee

  • Nashville: 211 Opry Mills Drive

Texas

  • Austin: 9333 Research Blvd.
  • Hurst: 853 Northeast Mall Drive
  • Missouri City: 5752 Highway 6
  • Watauga: 7616 Denton Highway

Utah

  • Layton: 2159 Harris Blvd.
  • West Jordan: 7142 South Plaza Center Drive

Virginia

  • Arlington: 900 Army Navy Drive

Washington

  • Everett: 1130 SE Everett Mall Way

West Virginia

  • Martinsburg: 172 Retail Commons Parkway

Wisconsin

  • Brookfield: 605 Main St.