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Bed, Bath & Beyond to close 6 Illinois stores as part of financial restructuring

staffBy staffUpdated:No Comments2 Mins Read
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Six Illinois stores are among those the troubled home goods retailer Bed Bath & Beyond has slated to close nationwide.

The Illinois stores set to close are in Gurnee, Schaumburg, Fairview Heights, Carbondale, Bourbonnais and Joliet.

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The company said in August it would shutter about 150 stores and reduce its workforce by 20%. It did not share information about which stores would close at the time but has since posted a list of 56 stores set to close on its website.

Shoppers enter and exit a Bed Bath & Beyond in Schaumburg, Ill., Jan. 14, 2021. The store is one of 150 slated to close as part of a company-wide financial restructuring. (Nam Y. Huh/AP)

The retailer has 26 locations in Illinois, according to its online store locator, including one in Chicago. The company said in May it had a total of 955 stores including 769 namesake locations, 135 Buy Buy Baby stores and 51 stores under the names Harmon, Harmon Face Values or Face Values.

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Shares of the New Jersey-based retailer lost nearly a quarter of their value upon the August announcement, and the company said it expected a decline in comparable sales of 26% in the second quarter.

Chief Operating Officer John Hartmann is leaving and the company is eliminating his position. In August, the company said it was still searching for a permanent CEO.

In mid-August, Chewy Inc. co-founder and billionaire Ryan Cohen sold his entire stake in Bed Bath & Beyond, which he bought only months before.

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