In a statement, the company said they are shedding store sites for both Bed Bath & Beyond and several other affiliate brands, which do not have a commercial presence in Connecticut while focusing on beefing up the e-tail division of the company. The company’s 2022 Black Friday sales were reportedly down 33%, while the company reported a staggering $1.1 billion loss in the previous nine-month period, concluding at the end of November 2022. approximately 150 additional lower-producing Bed Bath & Beyond stores, which builds on closure of approximately 200 Bed Bath & Beyond stores and approximately 50 standalone Harmon stores in the U.S.” Though the company has reportedly staved off bankruptcy for the time being, via a $225 million stock sale, in a filing earlier this month with the Securities and Exchange Commission, Bed Bath & Beyond officials said that it planned to expand the number of nationwide store closings to more than 400 locations, “including closure of.
This announcement follows planned shutdowns of Enfield, Hamden, Fairfield, Southington, Wethersfield, Stamford, and Wallingford locations.
Closing signs with limited information have been erected at the Guilford store. The Guilford establishment survived the first round of store closings late last year, but the company now says it will shutter the Guilford site in the coming months.īed Bath & Beyond’s upcoming closings also include stores in Manchester and Norwalk, according to public statements by the company. Home goods retailer Bed Bath & Beyond has announced that it will close an additional 150 stores nationwide, with three more of its sites in Connecticut set to shut down within the next couple of months, including Guilford’s store.
Bed Bath & Beyond located at 1919 Boston Post Rd #310 has recently announced it will close in March.
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