Bed Bath & Beyond Inc. and Buy Buy Baby Inc. signage is displayed outside of a store in Los Angeles, California.
Patrick T. Fallon | Bloomberg | Getty Images
Bed Bath & Beyond is in the process of liquidating dozens of stores, as part of its previously announced plans to close roughly 200 locations by 2022.
In July, it laid out a store closure road map, in a bid to trim its sprawling real estate portfolio and focus on remodeling its more profitable shops and investing in digital. At the time, the retailer said these actions were expected to generate annual cost savings of between $250 million and $350 million, excluding related one-time expenses. Bed Bath also said the roughly 200 stores generated about $1 billion in annual net sales in fiscal 2019, and it aimed to move at least 15% to 20% of those dollars online or to other stores.
As 2021 kicks off, Bed Bath is liquidating 43 stores that are expected to close by the end of February, a company spokesman confirmed to CNBC. The list (found below) includes nine stores in California and three in New York.
As of Aug. 29, Bed Bath had 1,476 stores, including Buybuy Baby.
Bed Bath & Beyond shares are up a little more than 27% from a year ago. The retailer is set to report its fiscal third-quarter earnings before the market opens on Thursday.
USA Today first reported the list of locations that are closing in 2021.
Below are the addresses of the 43 Bed Bath & Beyond stores set to close early this year.
Conway: 1272 South Amity Road
Peoria: 24760 N. Lake Pleasant Parkway
El Cerrito: 6000 El Cerrito Plaza
Gilroy: 6725 Camino Arroyo
Mountain View: 2470 Charleston Road
Northridge: 8959 Tampa Ave.
Riverside: Canyon Springs Marketplace, 2660 Canyon Springs Parkway
San Mateo: 2280 Bridgepoint Parkway
Simi Valley: 2631 Tapo Canyon Road
Turlock: 2851 Countryside Drive
Yuba City: Yuba City Marketplace, 1060 Harter Road
Boulder: 1741 28th St.
Colorado Springs: 5944 Barnes Road
Lone Tree: Meadows Marketplace, 8467 South Yosemite
East Fort Myers: 3248 Forum Blvd.
Estero: Coconut Point Shopping Center, 8020 Mediterranean Drive
Miami: 12010 N Kendall Drive
Port Richey: Embassy Crossings, 9642 U.S Highway 19N
Fayetteville: 123 Pavilion Parkway
Kokomo: 1411 S. Reed Road
Slidell: 127 Northshore Blvd.
Holyoke: The Holyoke Crossing, 39 Holyoke St.
Saugus: 367 Broadway
Baltimore: 5210 Campbell Blvd.
Wyoming: 4830 Wilson Avenue SW
Coon Rapids: 12773 Riverdale Blvd.
Lawrenceville: 101-B Mercer Mall, 3371 US Highway 1
61st Street: 410 East 61st St.
Manhasset: 2103 Northern Blvd.
Greece: 112 Greece Ridge Center Drive
Cincinnati: 650-F Eastgate South Drive
Medina: 4949 Grande Shops Ave.
Stow: 4290 Kent Road
Warrensville Heights: 4031 Richmond Road
Pittsburgh: Waterworks Shopping Center, 980 Freeport Road
Swarthmore: 857 Baltimore Pike
Bo Canovanillas Carolina: Los Colobos II Shopping Center, State Road #3 Km 14.1
Cleveland: 4540 Frontage Road NW
American Fork: 773 W. Grassland Drive
Fairfax: 9666 Main St.
Glen Allen: 9900 Brook Road
Virginia Beach: 3312 Princess Anne Road
Waynesboro: 821-D Town Center Drive