Bed Bath & Beyond is closing an extra 87 stores, as the troubled home goods retailer . looks to join its assets before a possible bankruptcy filing.
The company confirmed the closings in a statement. Adding that it is also closing all Harmon Health and Beauty store locations.
“As we work with our. Advisors to consider many avenues, we are implementing steps to . Operate our business as as possible,” it said, adding. that it is analyzing its store footprint “based on a variety of factors.”
The chain is also closing five Buy Buy Baby stores. In total, the company has announced 237 store closures since last year. bankruptcy
The latest closures affect stores nationwide. A full list of the latest locations to close can be found here.
On Tuesday, Reuters reported that Bed Bath & Beyond could file for bankruptcy as soon as this week. Last week, the company said it had defaulted on loans to JPMorgan Chase & Co.
Sources also told Reuters that. The company was considering skipping a debt payment due on Wednesday. A common step that distressed companies take to conserve cash.
Bed Bath & Beyond is closing an extra 87 stores, as the troubled home goods retailer . looks to join its assets before a possible bankruptcy filing.
The company confirmed the closings in a statement. Adding that it is also closing all Harmon Health and Beauty store locations.
The chain is also closing five Buy Buy Baby stores. In total, the company has announced 237 store closures since last year. bankruptcy
The latest closures affect stores nationwide. A full list of the latest locations to close can be found here.
On Tuesday, Reuters reported that Bed Bath & Beyond could file for bankruptcy as soon as this week. Last week, the company said it had defaulted on loans to JPMorgan Chase & Co.
