Bed Bath & Beyond has seen its stock price tumble after the company warned it was considering bankruptcy amid mounting debt and troubled finances.
Bed Bath & Beyond said it was taking steps to improve its cash position and mitigate potential liquidity shortfalls but added that the cash flow problems and losses have led it to conclude “that there is substantial doubt about the Company’s ability to continue as a going concern.”
Sue Gove, CEO of Bed Bath & Beyond, said in a statement that the company has initiated a “turnaround” at the start of the third quarter, which includes efforts to operate more efficiently and focus more on digital sales.
- Phoenix: 34750 N. North Valley Parkway
- Tucson: 5225 South Calle Santa Cruz
- Burbank: 201 East Magnolia Blvd.
- Lakewood: 75 Lakewood Center Mall
- Larkspur: 2601 Larkspur Landing Circle
- Marina: 117 General Stilwell Drive
- Palmdale: 39421 10th Street West
- Redding: 1140 Hilltop Drive
- San Leandro: 15555 East 14th Street, Suite 240
- Santee: 9918 Mission Gorge Road
- Stamford: Ridgeway Shopping Center, 2275 Summer Street
- Waterford: 850 Hartford Turnpike
- Sanford: 111 Towne Center Blvd.
- Sunrise: 12801 W. Sunrise Blvd., Anchor C
- Snellville: Presidential Market Center, 1905 Scenic Hwy Suite 5000
- Suwanee: 2623 Peachtree Pkwy
- Bourbonnais: 2056 North State Route 50
- Carbondale: University Mall, 1265 E. Main Street
- Fairview Heights: Fairview Center, 6611 N. Illinois
- Gurnee: 6132 Grand Ave., Gurnee Mills Mall
- Joliet: 2850 Plainfield Road
- Schaumburg: 915 East Golf Road
- Dubuque: 2475 N.W. Arterial
- Waterloo: 1522 Flammang Drive
- Bossier City: 2900 Meadow Creek Drive
- Dorchester: 8B Allstate Road, Suite 1
- Milford: 230 Fortune Boulevard
- Seekonk: 35 Highland Avenue
- Chesterfield: 50551 Waterside Drive
- Farmington Hills: 31075 Orchard Lake Road
- Northville: Northville Retail Center, 17223 Haggerty Road
- Walker: Green Ridge Square, 3410 Alpine Avenue NW
- White Lake Twp.: 9050 Highland Road
- St. Cloud: 3959 Second Street South
- Flanders: 30 International Drive, Suite 1
- Manalapan: 13 Route 9 South
- Paramus: 34 E Ridgewood Ave
- Farmingdale: 251 Airport Plaza Blvd.
- Middletown: 470 Route 211 East, Suite 3
- Mt. Vernon: 500 East Sandford Blvd.
- New Hartford: 4805 Commercial Drive
- Plattsburgh: 73 Centre Drive, Suite 100
- Sparks: 195 Los Altos Pkwy
- Charlotte: The Arboretum, 3413 Pineville-Matthews Road
- Cincinnati: 3681 Stone Creek Blvd.
- Hamilton: Bridgewater Falls, 3451 Princeton Road
- Perrysburg: 10027 Fremont Pike
- Sandusky: 4020 Milan Road Unit# 910
- Beaverton: 2780 SW Cedar Hills Blvd.
- Wynnewood: 70 E. Wynnewood Boulevard
- Bayamon Plaza Del Sol, 725 West Main Avenue
- Port Arthur: Central Mall 3100 Highway 365 Suite 114
- Wichita Falls: 3201 Lawrence Road Suite A
- Christiansburg: 135 Shoppers Way NW
- Leesburg: 532 Fort Evans Road
- Lakewood: 5830 Lakewood Towne Center Blvd., S.W.
According to Strider’s remarks to Axios, the specific closing dates and when sales will be final will vary from store to store.