The retailer of household items will shut down 149 stores in addition to the 87 it declared in late January.
In total, the company has declared over 400 closures of stores in the United States since September of last year, which includes:
In addition, the company has filed to shut down all of its operations in Canada, comprising 54 BB&B and 11 BuyBuy Baby retail locations., Retail Dive reported.
The former CFO of Beyond’s & Bath, a retailer that had been teetering on the edge of bankruptcy, said on Tuesday that the company anticipates receiving another $800 million in future installments. The retailer, which raised roughly $225 million in an equity offering before experiencing massive executive shakeups, losses, and the death of its former CFO, is also selling a stake to a major activist investor. These tumultuous few months have included a series of setbacks for the company.
In 2018, during its heyday, the company operated a total of 1,552 stores, including 1,017 Beyond & Bath Bed locations. Moving forward, the company is likely to look different, with plans to reduce its store count to 360.
(* Indicates newly added information as of February 7, 2023).