{"id":129356,"date":"2022-09-16T21:56:47","date_gmt":"2022-09-16T21:56:47","guid":{"rendered":"https:\/\/fin2me.com\/?p=129356"},"modified":"2022-09-16T21:56:47","modified_gmt":"2022-09-16T21:56:47","slug":"why-bed-bath-beyond-is-in-big-trouble-2","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/why-bed-bath-beyond-is-in-big-trouble-2\/","title":{"rendered":"Why Bed Bath &amp; Beyond is in big trouble"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Bed Bath &amp; Beyond revealed the locations of more than 50 of the 150 stores it&#8217;s planning to close, ranging from Arizona to Washington state.<\/p>\n<p><img decoding=\"async\" alt=\"Bed Bath &amp;amp; Beyond&amp;#39;s chaotic 90s beauty isn&amp;#39;t for the internet age\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220831154741-file-bed-bath--beyond-2005-large-169.jpg\"><\/p>\n<p>The downsize is part of the struggling retailer&#8217;s last-ditch effort to stabilize as it struggles in financial turmoil. Along with shuttering stores, the company said in August it will lay off about 20% of its corporate employees and cut some of its in-house home goods stores. It also secured a crucial $500 million in new financing as the holiday shopping season approaches. <\/p>\n<ul><\/ul>\n<p>&#8220;All currently planned store closings have been announced, and we will continue to review our portfolio where it makes sense to profitably support our customers and business,&#8221; the company said in a statement. <\/p>\n<ul><\/ul>\n<p>It&#8217;s a fraught time for the home-goods chain. Earlier this month, Gustavo Arnal, the retailer&#8217;s chief financial officer, jumped to his death from a New York City high rise. Arnal was named as a defendant in a class action lawsuit accusing him, Ryan Cohen and other large shareholders of engaging in a &#8220;pump and dump&#8221; scheme to artificially inflate the price of the company&#8217;s stock.<br \/>\nBed Bath &amp; Beyond said in August that sales at stores open for at least one year plunged 26% during its latest quarter.<\/p>\n<p>So far, 56 retailers will close. Here&#8217;s where:<\/p>\n<ul><\/ul>\n<p>Arizona<\/p>\n<ul>\n<li>Santa Cruz: 5225 South Calle <\/li>\n<li>Phoenix: 34750 N. North Valley Parkway <\/li>\n<\/ul>\n<p>California<\/p>\n<ul>\n<li>Burbank: 201 East Magnolia Blvd.<\/li>\n<li>Lakewood: 75 Lakewood Center Mall <\/li>\n<li>Larkspur: 2601 Larkspur Landing Circle <\/li>\n<li>Marina: 117 General Stilwell Drive<\/li>\n<li>Palmdale: 39421 10th Street <\/li>\n<li>Redding: 1140 Hilltop Drive <\/li>\n<li>San Leandro: 15555 East 14th Street, Suite 240 Seekonk<\/li>\n<li>Santee: 9918 Mission Gorge Road <\/li>\n<\/ul>\n<p>Connecticut<\/p>\n<ul>\n<li>Stamford: Ridgeway Shopping Center, 2275 Summer Street <\/li>\n<li>Waterford: 850 Hartford Turnpike <\/li>\n<\/ul>\n<p>Florida<\/p>\n<ul>\n<li>Sanford: 111 Towne Center Blvd.<\/li>\n<li>Sawgrass: 12801 W. Sunrise Blvd., Anchor C<\/li>\n<\/ul>\n<p>Georgia<\/p>\n<ul>\n<li>Johns Creek: 2623 Peachtree Pkwy <\/li>\n<li>Snelville: Presidential Market Center, 1905 Scenic Hwy Suite 5000 <\/li>\n<\/ul>\n<p>Illinois<\/p>\n<ul>\n<li>Bourbonnais: 2056 North State Route 50 <\/li>\n<li>Carbondale: University Mall, 1265 E. Main Street <\/li>\n<li>Fairview Heights: Fairview Center, 6611 N. Illinois <\/li>\n<li>Gurnee: 6132 Grand Ave., Gurnee Mills Mall<\/li>\n<li>Joliet: 2850 Plainfield Road<\/li>\n<li>Schaumberg: 915 East Golf Road <\/li>\n<\/ul>\n<p>Iowa<\/p>\n<ul>\n<li>Dubuque: 2475 N.W. Arterial <\/li>\n<li>Waterloo: 1522 Flammang Drive <\/li>\n<\/ul>\n<p>Louisiana<\/p>\n<ul>\n<li>Bossier City: 2900 Meadow Creek Drive <\/li>\n<\/ul>\n<p>Massachusetts<\/p>\n<ul>\n<li>Dorchester: 8B Allstate Road, Suite 1<\/li>\n<li>Milford: 230 Fortune Boulevard <\/li>\n<li>Seekonk: 35 Highland Avenue <\/li>\n<\/ul>\n<p>Michigan<\/p>\n<ul>\n<li>Chesterfield Township: 50551 Waterside Drive<\/li>\n<li>Farmington Hills: 31075 Orchard Lake Road <\/li>\n<li>Northville: Northville Retail Center, 17223 Haggerty Rd. <\/li>\n<li>Walker: Green Ridge Square, 3410 Alpine Avenue NW<\/li>\n<li>White Lake: 9050 Highland Road<\/li>\n<\/ul>\n<p>Minnesota<\/p>\n<ul>\n<li>St. Cloud: 3959 Second Street South <\/li>\n<\/ul>\n<p>New Jersey<\/p>\n<ul>\n<li>Flanders: 30 International Drive, Suite 1 <\/li>\n<li>Manalapan: 13 Route 9<\/li>\n<li>Paramus: 34 E Ridgewood Ave <\/li>\n<\/ul>\n<p>New York<\/p>\n<ul>\n<li>Farmingdale: 251 Airport Plaza Blvd.<\/li>\n<li>Middletown: 470 Route 211 East, Suite 3 <\/li>\n<li>Mt. Vernon: 500 East Sandford Blvd. <\/li>\n<li>New Hartford: 4805 Commercial Drive <\/li>\n<li>Plattsburgh: 73 Centre Drive, Suite 100 <\/li>\n<\/ul>\n<p>Nevada<\/p>\n<ul>\n<li>Sparks: 195 Los Altos Pkwy <\/li>\n<\/ul>\n<p>North Carolina<\/p>\n<ul>\n<li>Charlotte: The Arboretum, 3413 Pineville-Matthews Rd. <\/li>\n<\/ul>\n<p>Ohio<\/p>\n<ul>\n<li>Colerain: 3681 Stone Creek Blvd.<\/li>\n<li>Perrysburg:10027 Fremont Pike<\/li>\n<li>Princeton Road: Bridgewater Falls, 3451 Princeton Road <\/li>\n<li>Sandusky: 4020 Milan Road, Unit #910 <\/li>\n<\/ul>\n<p>Oregon<\/p>\n<ul>\n<li>Beaverton: 2780 SW Cedar Hills Blvd. Beaverton<\/li>\n<\/ul>\n<p>Pennsylvania<\/p>\n<ul>\n<li>Wynnewood: 70 E. Wynnewood Blvd. <\/li>\n<\/ul>\n<p>Puerto Rico<\/p>\n<ul>\n<li>Bayamon Plaza Del Sol, 725 West Main Avenue Bayamon PR 00961<\/li>\n<\/ul>\n<p>Texas<\/p>\n<ul>\n<li>Port Arthur: Central Mall 3100 Highway 365 Suite 114 <\/li>\n<li>Wichita Falls: 3201 Lawrence Road Suite A <\/li>\n<\/ul>\n<p>Virginia<\/p>\n<ul>\n<li>Christiansburg: 135 Shoppers Way NW <\/li>\n<li>Leesburg: 532 Fort Evans Road <\/li>\n<\/ul>\n<p>Washington<\/p>\n<ul><\/ul>\n<ul>\n<li>Lakewood: 5830 Lakewood Towne Center Blvd., S.W. <\/li>\n<\/ul>\n<p><em>&#8211; CNN&#8217;s Brynn Gingras, Liam Reilly, Ramishah Maruf, Samantha Beech, Jordan Valinsky and Nathaniel Meyersohn contributed to this report <\/em><br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/09\/16\/business\/bed-bath-beyond-closing-stores\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Bed Bath &amp; Beyond revealed the locations of more than 50 of the 150 stores it&#8217;s planning to close, ranging from Arizona [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":129355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Bed Bath &amp; 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