Bed Bath & Beyond Closing 150 More Locations (Watch for Online & In-Store Liquidation Sales)
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Bed Bath & Beyond started 2022 off in the same way that it kicked off 2021 – with dozens of store closures.
This action is part of Bed Bath & Beyond’s strategy to strengthen its brand by closing underperforming or “redundant” stores, as we first reported in July of 2020. And now, Bed Bath & Beyond has announced a new batch of closures.
As part of the retailer’s revitalization efforts, 200 of its stores (about 20% of its physical locations) were scheduled to close in stages. The first wave of store closures began with over 60 in the second half of 2020, with 43 more stores permanently shutting their doors last year at this time.
On August 31st, Bed Bath & Beyond has announced that they have identified 150 under-performing stores and begun the process of closing them. The closures will take place across multiple states and will include the lay off of 20% of corporate employees.
This also include the discontinuation of three of their brands: Studio 3B, Haven, and Wild Sage. This makes sense as we’ve seen deep discounts on these brands just recently.
In addition to the online sales, if you’re located near one of the impacted stores, it may be worth keeping your eye out for a liquidation sale. Inventory was deeply discounted during prior store closures.