Struggling home goods retailer Bed Bath & Beyond is planning to close five Michigan stores.
The retailer announced in late August that it was closing approximately 150 of its lower-producing banner stores in the coming months. Fifty-six of them are already on the chopping block.
The five Michigan stores include:
- Farmington Hills, 31075 Orchard Lake Road
- Northville, Northville Retail Center, 17223 Haggerty Road
- Chesterfield: 50551 Waterside Drive
- Walker: Green Ridge Square, 3410 Alpine Avenue NW
- White Lake Twp.: 9050 Highland Road
Bed Bath & Beyond says it continues to evaluate its portfolio and leases, in addition to staffing, to ensure alignment with customer demand and go-forward strategy.
Furthermore, the changes are being made to “meet the demand of its customers, drive growth and profitability, and improve its balance sheet and cash flows.”
The company also announced last month that it plans to lay off up to 20% of its staff.
Bed Bath & Beyond operates about 955 stores across the United States, Canada, Mexico and Puerto Rico. This includes 769 namesake stores, 135 Buybuy Baby stores and 51 stores under its Harmon or Face Values brands.
The complete list of closures can be seen here.