In Arizona, the 13 Bed Bath and Beyond stores and three buybuyBaby locations will remain in business as usual until it comes time to close their doors. Fee: Free Sign-Up Incentive: 5 in rewards and 7 days of free shipping Key Benefits: Earn 10 points for every dollar you spend. The company has not announced a formal wind down process. BBBY which was founded in 1971 and went public in 1992 will eventually close all its retail stores, noted the Journal, and the retailer has obtained 240 million from Sixth Street Specialty. How many Bed Bath and Beyond stores are closing in Arizona?Īll 360 Bed Bath & Beyond and 120 Buy Buy Baby stores, along with their websites, will continue operations for now. Gift cards will remain valid until May 8. Starting April 26, they will no longer accept coupons and discounts, and all sales will be final. Can I use my coupons at Bed Bath and Beyond still? was founded in 1971 and is headquartered in Union, New Jersey. In mid-April, the stock price plummeted to a mere 24 cents. The retailer defaulted on some of its loans, prompting lenders to withdraw credit.īed Bath & Beyond then pursued last-resort deals to stay afloat, such as selling more shares, requesting rent breaks from landlords, and having another company pay for its merchandise. Bed Bath & Beyond’s stores in Henrico and Chesterfield are expected to shutter alongside the retail chain’s other locations nationwide as the company goes into bankruptcy. Since issuing a bankruptcy warning in January, Bed Bath & Beyond has explored numerous strategies to obtain the necessary funding, including store closures, job cuts and reaching out to banks and investors for support. More: Another Bed Bath & Beyond in metro Phoenix is closing: Here's the list of AZ closuresĭespite these efforts, sales continued to decline, dropping 40% to 50% during the holiday season. NEW YORK Bed Bath & Beyond one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets filed for bankruptcy protection. The company has expressed its commitment to customers, employees and partners during this difficult period. to maintain operations during the bankruptcy process. Now, communities who relied on Bed Bath & Beyond as an employer will need to find opportunities elsewhere with looming closures to come.īed Bath & Beyond has secured $240 million in financing from Sixth Street Specialty Lending Inc. Previously the retailer had made plans on closing several locations in the Valley and across the state. The upcoming closures will impact hundreds of employees and loyal customers in Arizona, with thousands more affected nationwide. The 360 Bed Bath & Beyond and 120 Buy Buy Baby stores, along with their websites, will continue operating as the closure process begins. The retailer filed for bankruptcy on April 23 in a New Jersey court, with plans to gradually wind down its operations and search for a buyer to acquire some or all of its assets. The Associated Press contributed to this report.Bed Bath & Beyond, a household name in the home goods retail industry, has filed for bankruptcy protection after grappling with financial challenges and multiple unsuccessful turnaround efforts. Amenities include parking, a full-service cafe with patio dining, snack rooms throughout the building, as well as wellness, meditation, and nursing rooms for new moms. Telephone: (908) 688-0888 Fax: (908) 688-6483 Statistics: Public Company Incorporated: 1971 as Bed n Bath Inc. Our corporate headquarters is located in Union, NJ, our corporate campuses employ more than 1,800+ associates and contractors including our design office in the Manhattan New York. In its heyday, it was one of the preeminent big box retailers in the home goods market. Address: 650 Liberty Avenue Union, New Jersey 07083 U.S.A.
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