Bed Bath & Beyond have announced that it will shutter hundreds of stores across the U.S. amid talks of filing for bankruptcy protection
The struggling retailer Bed, Bath & Beyond has announced that it will close an additional 62 Bed Bath & Beyonds in addition to the 56 stores announced in September, bringing to total of store closings to 120.
On the list is the store on I-Drive which is already shuttered, but now set for closure is the store in Oviedo, Sanford, and Brooksville on the west coast.
Among the stores on the updated list are four here in Central Florida:
5295 International Drive, Suite 100, Orlando (ALREADY CLOSED)
1115 Vidina Place Suite 175, Oviedo
111 Towne Center Blvd, Sanford
7187 Coastal Blvd, Brooksville
Plus, in addition to the four in Central Florida, there are a further five stores in South Florida.
1748 US 27 N, Sebring
550 North State Road 7, Royal Palm Beach
Shoppers Haven, 3459 N. Federal Highway Space 16, Pompano Beach
12801 W. Sunrise Blvd., Anchor C, Sunrise
2595 NE 10th Court, Homestead
The retailer which operates a total of 60 stores in Florida, has not given a timeline for the closures.
Previously in 2020, the retailer closed three Florida stores in Casselberry, Pembroke Pines and Port St. Lucie.
The closures are an attempt by the under pressure company to turn around the struggling home goods chain, that has seen it plunge into crisis with a dramatic decline in sales, massive debts, and rumours that the company are about to file for bankruptcy protection
Bed Bath & Beyond shares continue to dwindle, its stock, now trading in the $1 range, has lost nearly 90% of its value over the past 12 months.
The retailer now expresses uncertainty of its fate, with the company facing "substantial doubt" about its ability to continue operating on its own.
