Among Friends

[Mindy D]

So sad. I love BB & B. I wish more people would order from them. I also wish those with a new home would buy some stuff from them. 

Pretty soon there will be so few stores left that we'll have little to choose from for our purchases. 

New beds seem to be selling; so why not new bedding? 

[Enufstuff]

  I loved shopping at Bed Bath & Beyond when I needed a new small kitchen appliance, bedding and many other things.

  But they stopped carrying the better quality name brands and

brought in lesser quality products. I always used their coupons.

  Now, Macy's has what I need and I shop the sales.

[MorningLover]

Feb. 04, 2023 

Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy.

These closures are in addition to the 150 closures Bed Bath and Beyond announced last August.

Included in the new list are 5 buybuy Baby locations and all 49 remaining Harmon Face Value stores, which sold cosmetics, plus several of the retailer’s flagship-brand stores across the country.

“As we continue to work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible,” reported a Bed Bath and Beyond spokesperson. “This store fleet reduction expands the company’s ongoing closure program.”

A company spokesperson also confirmed Wednesday night that it missed a bond payment on February 1, and that it entered a month-long grace period. Debtors will often have a 30-day grace period to make payments before they enter default.

The spokesperson did not confirm the amount Bed Bath and Beyond owes. However, the Wall Street Journal reported Bed Bath and Beyond “failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1.”

The retailer has identified hundreds of stores set to close in an effort to reduce costs. 

You can find the list of additional store closings online.