Bed Bath & Beyond reveals which 63 stores will close by the end of 2020 after announcing plans to shutter 200 locations and slash 2,800 jobs over the next two years
Bed Bed & Beyond has revealed which 63 locations will be the first to close their doors by the end of the year as part of the company's cost-cutting strategy.
The news comes two months after the New Jersey-based home goods retailer announced plans to shutter 200 Bed Bath & Beyond stores and eliminate 2,800 jobs over the next two years.
Stores in 29 states are on the chopping block, with California and New York set to lose the most retailers at six locations each.
Bed Bed & Beyond has revealed which 63 locations will be the first to close their doors by the end of the year, including this Boca Raton, Florida, store
Bed Bath & Beyond's shares were up more than 12 per cent buy midday Tuesday
LIST OF BED BATH & BEYOND STORES SET TO CLOSE:
Alabama:
1640 Gadsden Highway, in Birmingham
300 Colonial Promenade Parkway, in Alabaster
Arizona:
10845 North Tatum Blvd, in Phoenix
California:
39125 Fremont Hub, in Fremont
10822 Trinity Parkway, in Stockton
12410 Amargosa Road, in Victorville
21640 Valley Blvd, in City of Industry
6365 Pats Ranch Road, in Mira Loma
2449 Golden Hill Road, in Paso Robles
Colorado:
4735 29th Street, in Greeley
23901 E. Orchard Road, in Aurora
Connecticut:
13 Sugar Hollow Road, in Danbury,
1212 Boston Post Road, in Milford
1603 Southeast Road, in Farmington
1914 East Street, in Torrington
Florida:
5803 S US Highway 17/92, in Casselberry
11470 Pines Blvd, in Pembroke Pines
10856 SW Village Parkway, in Port St. Lucie
Georgia:
6680 Douglas Blvd, in Douglasville
Illinois:
203 Orland Park Pl, in Orland Park
2838 North Broadway, in Chicago
2530 Sycamore Road, in Dekalb
734 East Boughton Road, in Bolingbrook
Indiana:
8655 N. River Crossing Blvd, in Indianapolis
2520 East 79th Ave, in Merrillville
280 N. Gates Drive, in Bloomington
6010 West 86th Street, in Indianapolis
Kentucky:
3220 Nicholasville Road, in Lexington
Louisiana:
901 Manhattan Blvd, in Harvey
Maryland:
558 N. Frederick Ave, in Gaithersburg
7000 Arundel Mills Circle, in Hanover
2653 N. Salisbury Blvd, in Salisbury
Maine:
730 Center Street, in Auburn
Michigan:
3180 Fairline Drive, in Allen Park
Missouri:
8520 North Evanston Ave, in Kansas City
North Carolina:
8241 Concord Mills Blvd, in Concord
6270 Glenwood Ave, in Raleigh
Nebraska:
5040 N. 27th Street, in Lincoln
New Jersey:
4075 Route 9, in Howell
202 Enterprise Drive, in Rockaway
New York:
3349 Monroe Ave, in Rochester
410 E. 61st Street, in New York
2700 Veterans Road West, in Staten Island
21855 Towne Center Drive, in Watertown
3597 W Genesee Street, in Syracuse
40-24 College Point Blvd, in Flushing
Ohio:
1230 S. Holland Sylvania Road, in Holland
1750 Hill Road North, in Pickerington
2720 Towne Drive, in Beavercreek
1170 Polaris Parkway, in Columbus
Oregon:
719 NW 12th Street, in Gresham
Pennsylvania:
2410 Chemical Road, in Plymouth Meeting
Tennessee:
211 Opry Mills Drive, in Nashville
Texas:
9333 Research Blvd, in Austin
853 Northeast Mall Drive, Hurst
7616 Denton Highway, in Watauga
5752 Highway 6, in Missouri City
Utah:
2159 Harris Blvd, in Layton
7142 South Plaza Center Drive, in West Jordan
Virginia:
900 Army Navy Drive, in Arlington
Washington:
1130 S.E. Everett Mall Way, in Everett
Wisconsin:
605 Main Street, in Brookfield
West Virginia:
172 Retail Commons Parkway, in Martinsburg
Connecticut, Illinois, Indiana, Ohio and Texas will each lose four stores, followed by Florida and Maryland with three; Alabama, Colorado, New Jersey, North Carolina and Utah with two, and Arizona, Georgia, Kentucky, Louisiana, Maine, Michigan, Missouri, Nebraska, Oregon, Pennsylvania, Tennessee, Virginia, Washington, Wisconsin and West Virginia with one shuttered store each.
'This is an important step in our multi-year program to create a sustainable, durable business and invest where it matters most to our digital-first customers and our people,' Bed Bath & Beyond spokesperson Jessica Joyce told USA Today, which first reported on the looming closures.
The store closures were first announced in July after sales fell 50 percent during the chain's first quarter as the coronavirus outbreak was unfolding.
At the same time, Bed Bath & Beyond reported that online sales increased by 100 per cent during April and May.
The spike was attributed to customers rushing to purchase cleaning products and home items during the pandemic. Online sales represented about two thirds of the total for the first quarter.
New York is one of two states that are set to lose the most Bed Bath & Beyond stores, including this location on East 61st Street in Manhattan
Indiana is set to lose four retailers, among them this location on West 86th Street in Indianapolis
Bed Bath CEO Mark Tritton said at the time that closing the 200 locations would save the company between $250 and $350million per year.
Bed Bath and Beyond has nearly 1,480 stores in the US and Canada, including 955 that operate under the chain's brand name. The company also operates buybuy Baby, Christmas Tree Shops and Harmon Face Values.
The pandemic has had a devastating impact on retailing across the US, as other chains reported similar losses during their first quarter due to COVID-19.
J Crew, JCPenney and Neiman Marcus have filed for bankruptcy after failing to cope with market uncertainties and mounting debt.