Bed Bath and Beyond is closing 87 more stores. See the list

New York
CNN
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Bed Bath and Beyond is closing 87 more stores as the struggling retailer heads toward bankruptcy.

The closing stores are in addition to the 150 Bed Bath & Beyond closure announced last August. The new list includes 5 buybuy Baby locations and the remaining 49 Harmon Face Value stores that once sold cosmetics.

A Bed Bath and Beyond spokesperson told CNN: “As we continue to work with our advisors to review multiple avenues, we are taking steps to run our business as efficiently as possible.” “This store fleet reduction extends the company’s ongoing closing program.”

Last week, the company warned in a regulatory filing that it had received a default notice from its lender, JPMorgan Chase. The company said the company “currently does not have sufficient resources to repay the amounts under its credit facilities, which will prompt the company to consider all strategic alternatives, including restructuring its debt under the US Bankruptcy Code.”

Bed Bath and Beyond ( BBBY ) defaulted “on or about” January 13, according to the Securities and Exchange Commission. Due to financial difficulties, you may be forced to file for Chapter 11 bankruptcy reorganization.

Founded in 1971, Bed Bath & Beyond has become a staple in affordable home decor, kitchenware and college dorm furniture. The retailer became known for its ubiquitous 20% off blue coupons and cavernous stores with merchandise stacked to the ceiling.

But the company has struggled to make the transition to online shopping and fend off larger chains like Walmart and Target. As the novelty of Bed Bath and Beyond coupons wears off, many shoppers have switched to those competitors — consumers can find cheaper alternatives on Amazon and other online sites.

These are the locations Bed Bath and Beyond plans to close in the coming weeks: