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Bed Bath & Beyond discloses some of the stores set to close

FILE - A Bed Bath & Beyond sign is shown in Mountain View, Calif., May 9, 2012. (AP Photo/Paul Sakuma, File)

(NEXSTAR) — As it continues to face financial uncertainty, home goods chain Bed Bath & Beyond is preparing to close 150 stores and cut its workforce by about 20%. The retailer has released a list identifying more than one-third of those stores set to close in the coming weeks.

The company announced its plans to close 150 namesake stores in August, with director and interim CEO Sue Grove calling it a “back-to-basics” philosophy aimed at allowing the company to focus on better serving customers and driving growth.


At the time, the company estimated the cuts would save $250 million in its current fiscal year. Days after the decision was made public, Bed Bath & Beyond CFO Gustavo Arnel fell from a downtown Manhattan skyscraper and was pronounced dead at the scene.

As of May, Bed Bath & Beyond operated 955 stores: 769 namesake stores, 135 buybuy Baby stores, and 51 stores under the names of Harmon, Harmon Face Values, or Face Values.

This week, Bed Bath & Beyond released a list of 56 stores that are set to close, all of which are Bed Bath & Beyond namesake stores.

Here is the full list by state:

Arizona

California

Connecticut

Florida

Georgia

Illinois

Iowa

Louisiana

Massachusetts

Michigan

Minnesota

New Jersey

New York

Nevada

North Carolina

Ohio

Oregon

Pennsylvania

Puerto Rico:

Texas

Virginia

Washington

Bed Bath & Beyond did not immediately respond to Nexstar’s request for additional information, including when these stores will close, other stores slated to close, and how many employees will be impacted.

In addition to closing stores, the company said last month that it will shift to its original strategy of focusing on national brands rather than pushing its own store labels.

The Associated Press contributed to this report.