Bed Bath & Beyond Files For Bankruptcy, 12 N.J. Stores Affected
Bed Bath & Beyond has filed for bankruptcy following years of dismal sales and losses and numerous failed turnaround plans, per NorthJersey.com. As of right now, the company’s 360 Bed…
FOREST PARK, ILLINOIS – JANUARY 05: Customers shop at a Bed Bath & Beyond store on January 05, 2023 in Forest Park, Illinois. The retailer’s stock plummeted more that 20 percent today after it warned that it was running out of cash to meet expenses and is exploring its financial options which include bankruptcy.
(Photo by Scott Olson/Getty Images)Bed Bath & Beyond has filed for bankruptcy following years of dismal sales and losses and numerous failed turnaround plans, per NorthJersey.com.
As of right now, the company's 360 Bed Bath & Beyond stores and its 120 Buy Buy Baby brick-and-mortar as well as its websites will remain open while the company files for bankruptcy. The retailer said it anticipates closing all of its stores by June 30.
The Union, N.J. based company said it voluntarily made the filing "to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets."
According to the court filing, this also leaves 14,000 workers' jobs at risk. Back in February, the company had 32,000 workers, the court filing stated.
The company was founded in 1971 and became famous for having affordable household appliances and was notorious for their 20% off coupons.
Take a look at the 12 New Jersey stores effected by the Bed Bath & Beyond bankruptcy:
1. Brick, N.J.
51 Chambersbridge Road
Brick, NJ 08723
2. Cherry Hill, N.J.
2130 Marlton Pike West
Cherry Hill, NJ 08002
3. Clifton, N.J.
404 State Route 3 West
Clifton, NJ 07014
4. Deptford, N.J.
1755 Deptford Center Road
Deptford, NJ 08096
5. East Hanover, N.J.
180 Route 10 West
East Hanover, NJ 07936
6. Eatontown, N.J.
92 Route 36
Eatontown, NJ 07724
7. Hamilton, N.J.
160 Marketplace Boulevard
Hamilton, NJ 08691
8. Woodbridge, N.J.
675 US Highway 1 South, Suite 5
Iselin, NJ 08830
9. Middletown, N.J.
1115 Route 35
Middletown, NJ 07748
10. Rio Grande, N.J.
3201 Route 9 South
Rio Grande, NJ 08242
11. Springfield, N.J.
715 Morris Turnpike
Springfield, NJ 07081
12. Totowa, N.J.
545 Route 46
Totowa, NJ 07512
