Bed Bath and Beyond Closing 87 More Stores, Including These 5 Chicago-Area Locations

Customers shop at a Bed Bath & Beyond store on Jan. 5, in Forest Park, Illinois.

A company spokesperson also confirmed Wednesday night that it missed a bond payment on Feb. 1, and that it entered a month-long grace period. Debtors will often have a 30-day grace period to make payments before they enter default. Founded in 1971, Bed Bath & Beyond became a staple for affordable home decor, kitchenware and college dorm room furniture. The retailer became known for its ubiquitous 20% off blue coupons, and cavernous stores with merchandise stacked high to the ceilings. Bed Bath grew its corporate footprint aggressively, peaking at 1,552 stores in 2017.

The closings not only reduced employee head count and salary expenses, but also the rent it pays. The company’s total store square footage fell by 36% in the four fiscal years ending in February in 2022.

87+150= 237 opportunities to house migrants. Strange changes. 🚌🚌🚌

Thanks biden

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