OLATHE, Kan. – A store in the Kansas City area is on the list of places Bed Bath & Beyond plans to close.
The Bed Bath & Beyond at 15335 W 119th Street in Olathe is on the list of closures the company released on Monday.
The closure adds to the following locations the company already plans to close in Kansas and Missouri.
- Kansas
- Lawrence: 3106 S. Iowa Street, Suite 215
- Manhattan: 425 3rd place
- Missouri
- Lake St. Louis: 4 Meadows Circle Drive
- Osage Beach: 4627 Osage Beach Parkway
Bed Bath & Beyond announced on Monday that it will close 87 more stores. The announcement comes just days after the home improvement chain said it has defaulted on its loans.
The full list, including the most recently added stores, is on the Bed Bath & Beyond website.
The company also plans to close five BABY buybuy stores and all of its Harmon beauty locations.
Bed Bath & Beyond told Nexstar the closures were being made to increase efficiency as the company works with consultants to “consider multiple paths” as the retailer looks to turn the business around.
“This store fleet reduction expands the company’s ongoing closure program of approximately 150 low-production Bed Bath & Beyond banner stores,” a spokesperson told Nexstar. “We will update all stakeholders on our plans as they develop and finalize.”
Bed Bath & Beyond said in a Securities and Exchange Commission filing on Thursday that it has defaulted on its loans, which could force it to consider restructuring its debt in bankruptcy court.
The filing included some of the other strategies Bed Bath & Beyond is employing to improve its financial position, such as lowering costs, cutting capital expenditures, attempting to rework rental agreements with landlords, and reducing of its stores’ footprint, as well as a warning that “these measures may not be successful”.
