Bed Bath & Beyond initially planned to shutter only two Colorado stores when it announced its latest round of closures last week. But now that list includes six. Here's where that stores are located.
Bed Bath & Beyond initially planned to shutter only two Colorado stores when it announced its latest round of closures last week. But nowThe home goods retailer recently defaulted on a loan to JP Morgan and missed a $25 million interest payment due on Feb. 1. It had warned it faced a possible liquidation in bankruptcy court but earlier this week arranged a $225 million stock offering, part of a larger capital infusion that could grow to $800 million down the road.
The retailer’s new backers appear to want more belt-tightening and that is coming in the form of additional store closures, which will not be welcome news for malls around the state. The initial closures announced at 16531 Washington St. in Thornton and 1605 Fall River Dr. in Loveland will now include the loss of stores in Dillon, Grand Junction, Glenwood Springs and Northglenn.
Consumers are spending down the excess savings they built up during the pandemic and real income gains aren’t keeping up with inflation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bed Bath & Beyond announces 3 new store closures in Pa., including this Cumberland County locationThe chain has been announcing the closure of hundreds of its stores recently, and now a West Shore location has been added to the list.
Read more »
Bed Bath and Beyond store closures: Chelsea location will be last one left in Manhattan | amNewYorkMany Bed Bath and Beyond shoppers in Manhattan will have to look elsewhere for their bedding, kitchenware and other home needs — as just one location on the island will remain once the chain's purge is complete, the company announced this week.
Read more »
Bed Bath & Beyond to close Hamilton Town Center store in NoblesvilleThe Bed Bath and Beyond at Hamilton Town Center in Noblesville is slated for closure in the latest round of cuts by struggling chain.
Read more »
Just one Bed Bath & Beyond location to remain in Columbus as Upper Arlington store to closeThe company is expected to complete nearly 150 store closures nationwide by the end of February.
Read more »
Struggling Bed Bath & Beyond closing 150 more storesBed Bath & Beyond says it will be shuttering 150 more stores as the beleaguered home goods chain to cut costs as it works to stave off a bankruptcy.
Read more »