Bed Bath and Beyond is closing 87 more stores. See the list | CNN Business

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bed bath and beyond is closing another 87 stores as the struggling retailer heads toward bankruptcy.

The stores that close are added to the 150 Bed Bath and Beyond Fasteners announced last August. Included in the new list are 5 buybuy Baby locations and the remaining 49 Harmon Face Value stores, which once sold cosmetics.

“As we continue to work with our advisors to consider multiple pathways, we are taking actions to run our business as efficiently as possible,” a spokesperson for Bed Bath and Beyond told CNN. “This store fleet reduction expands the company’s ongoing closure program.”

Last week, the company warned in a regulatory document that received a notice of breach from his lender, JPMorgan Chase. The company said that “at this time, the company does not have sufficient resources to pay the amounts of the credit lines and this will lead the company to consider all strategic alternatives, including the restructuring of its debt under the Bankruptcy Code. from USA.”

bed bath and beyond

(BBBY) defaulted “on or about” January 13, according to the Securities and Exchange Commission filing. He may be forced to file for Chapter 11 bankruptcy reorganization due to his financial problems.

Founded in 1971, Bed Bath & Beyond became a staple for affordable home decor, cookware, and college dorm room furniture. The retailer became known for its ubiquitous blue 20% off coupons and cavernous stores with merchandise stacked to the ceiling.

But the company struggled to transition to online shopping and hold its own against bigger chains like Walmart and Target. Many shoppers switched to those competitors when the novelty of Bed Bath and Beyond coupons wore off; consumers can find many cheaper alternatives on Amazon and other online sites.

These are the Bed Bath and Beyond locations plans to close In the next weeks: