![]() All of this has come on the heels of the retail apocalypse and global pandemic that has permanently changed consumer behavior as the world knows it.”īed Bath & Beyond isn’t the only national retailer with a Richmond-area presence to declare bankruptcy lately. “The Company explored all potentially value-maximizing alternatives in an effort to turn around its business and stave off chapter 11. “The past twelve months have undoubtedly been the most difficult and turbulent in Bed Bath & Beyond’s storied history,” Etlin wrote. She noted the company closed more than 430 stores prior to the recent bankruptcy filing. The baby products brand, which is also slated to be shuttered, doesn’t have a presence in the Richmond area.ĬFO and restructuring officer Holly Etlin wrote in court filings that recent months have been challenging for the company in the wake of the COVID-19 pandemic and its effects on the retail sector. In addition to the 360 stores under the Bed Bath & Beyond banner, the company operates 120 locations of subsidiary Buy Buy Baby, per the news release. ![]() The West Broad location has a banner reminding passersby that the store isn’t closed yet. The Chesterfield Bed Bath & Beyond is in the Towne Crossing shopping center and occupies a 40,000-square-foot space there, according to a leasing flyer for the development. near Innsbrook and the other in Chesterfield at 11609 Midlothian Turnpike. The Company believes this dual-path process will best maximize value.”Īmong the company’s several hundred stores are two locations in the Richmond area: one at 10050 W. “In the event of a successful sale, the Company will pivot away from any store closings needed to implement a transaction. intends to use the Chapter 11 proceedings to conduct a limited sale and marketing process for some or all of its assets,” Bed Bath & Beyond said in a news release. “While the Company has commenced a liquidation sale, Bed Bath & Beyond Inc. While the company is planning to wind down its operations and close all its stores by June 30, those plans could change if it finds a buyer. The New Jersey-based home goods seller announced Sunday it filed for Chapter 11 bankruptcy. (BizSense file)īed Bath & Beyond’s stores in Henrico and Chesterfield are expected to shutter alongside the retail chain’s other locations nationwide as the company goes into bankruptcy. ![]() The Bed Bath & Beyond store on West Broad Street is one of hundreds across the country slated for closure. ![]()
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