The company announced the closing of two stores in the Columbia area would close earlier this year. South Carolina Bed Bath and Beyond storesĪiken: 339 Fabian Drive (Closed now - open after a week)Įast Columbia: 6090 Garners Ferry Road (Closed now - open after a week)ĭeclining sales: The once dominant retail chain, which was founded in 1971, struggled to maintain relevance in the era of online shopping.Ĭlosings: Bad Bath and Beyond stores had already begun to disappear before the bankruptcy announcement. Can you still use gift cards?Ĭompany gift cards will continue to be accepted through May 8, the company states. Web: Bed Bath & Beyond was founded in 1971- back then we were known simply as Bed ‘n Bath. The company plans to stop accepting coupons on Wednesday, when closing sales begin. The company plans to offer deep discounts at stores once closings begin on Wednesday. However, if no buyer is found, Bed Bath and Beyond will likely go out of business entirely. If the company can find a buyer, it will halt store closings. Its plan is to sell some or all of the business, according to CNN. The company has not yet announced which stores will be closed. East Columbia: 6090 Garners Ferry Road (Closed now open after a week) Mt. Aiken: 339 Fabian Drive (Closed now open after a week) Charleston: 946 Orleans Road. has shut scores of its stores across the country and warned last month that it may need to file for bankruptcy protection as it was unable to pay back its loans.“We encourage you to come shop for your favorite products while merchandise selection is best,” the company states. South Carolina Bed Bath and Beyond stores. Get Bed Bath & Beyond reviews, rating, hours, phone number, directions and more. Get Bed Bath & Beyond can be contacted at (803) 462-0393.
Buybuy BABY Canada to shut 11 storesĪdjusted earnings for the past three financial years were negative, and the Canadian arm of the retail giant contributed significant negative adjusted earnings margins to the parent company, the documents said. Bed Bath & Beyond at 10136 Two Notch Road, Columbia, SC 29229. 26, Bed Bath & Beyond Canada's assets were valued at around $480.1 million, the documents show, while its total liabilities were worth around $429.7 million.
The Canadian business does not have the "capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without access to cash and the support" from the parent company and its lenders, according to the filing.Īs of Jan. 31, the company employed approximately 387 full-time employees and 1,038 part-time workers in connection with its retail operations across Canada, according to the filing.īed Bath & Beyond Canada Ltd., was granted an initial order for creditor protection by the Ontario Superior Court of Justice Friday under the Companies' Creditors Arrangement Act, according to Alvarez & Marsal.īed Bath & Beyond Canada had a net loss of $99.5 million for the nine-month period ending Nov. Alvarez & Marsal has been appointed as a monitor of the business in the Canadian court case.
The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed. Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S.
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