and Canada roughly a year ago, but that has ebbed to around 480, with the number of Arizona locations trimmed to 13 currently from 22 a year ago. The company, which started operating in the early 1970s, counted 953 stores in the U.S. 'These were brands people didn't want to buy,' she said.Īlso, Bed Bath & Beyond scaled back on coupons and made other moves that frustrated customers, Warren said.

26, 2022.Ī move by a prior management team to focus on private-label brands alienated many shoppers, said Nooshin Warren, an assistant professor of marketing in the University of Arizona's Eller College of Management. Sales slumped 33% in the quarter ended Nov. With a weak lineup of private-label merchandise and a lagging online strategy, Bed Bath & Beyond has struggled against the likes of Amazon, Target and Walmart. Bed Bath & Beyond already had closed hundreds of its namesake stores and buybuy BABY locations over the past couple of years. The New Jersey-based home-goods retailer filed for Chapter 11 bankruptcy protection this week and said it plans to wind down its remaining stores by an unspecified date. The bankruptcy and planned closing of Bed Bath & Beyond stores might not exert a big impact in Arizona, owing to relatively modest employment for the company here and a strong retail market that bodes well for finding new uses for the chain’s existing locations.īut customers should prepare to act quickly to pounce on sale items, return any unwanted merchandise and use remaining gift cards.

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