Nexstar Media Wire News

Bed Bath & Beyond to close additional stores: Here’s where

(NEXSTAR) – Bed Bath & Beyond has announced another round of store closures after the company warned last week that it may need to file for bankruptcy.

Bed Bath & Beyond announced its plans to close 150 namesake stores in August, with now-President and CEO Sue Gove calling it a “back to basics” philosophy aimed at allowing the company to focus on better-serving customers and driving growth.

Last week, Bed Bath & Beyond cautioned that it may need to file for bankruptcy protection as it struggles to attract shoppers. It then said that it’s considering options including selling assets or restructuring its business in bankruptcy court. But the chain acknowledged that even those efforts may not be successful.

The company, which has already been cutting costs, said Tuesday it will slash an additional $80 million to $100 million across the company, including an unspecified number of layoffs.

In September, Bed Bath & Beyond released a list of 56 namesake stores that were set to close. The company updated that list Tuesday, adding more than 70 additional locations, including Bed Bath & Beyond, Harmon Face Values, and buybuy BABY stores.

Here are the newest locations added to the store closure list by state (unless otherwise noted, all stores are Bed Bath & Beyond locations):

Alabama

Arizona

California

Colorado

Connecticut

Delaware

Florida

Georgia

Idaho

Illinois

Indiana

Kansas

Kentucky

Louisiana

Maryland

Michigan

Missouri

Mississippi

Montana

North Carolina

Nevada

New Hampshire

New Jersey

New York

Ohio

Oklahoma

Pennsylvania

South Carolina

Texas

Virginia

Washington

Wisconsin

For the list of 56 store closures announced in September, click here.

A spokesperson for Bed Bath & Beyond tells Nexstar that “store closing sales will commence and continue over the next few months.” All currently planned store closures have now been announced.

Gove said in a prepared statement on Tuesday that the company is working on adjusting its merchandise and strategy, which has moved away from shoppers’ preferences.

“We want our customers to know that we hear them and are charging ahead every day to meet their needs,” she said.

The Associated Press and Jeremy Tanner contributed to this report.