Tag: store closure

REI to Close Portland Store Due to High Crime Rates

April 19, 2023
Business & MarketsCompaniesCrime and IncidentsOregonportland crimePublic SafetyRegional & State NewsREIState Newsstore closureUS
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Popular outdoor recreation retailer REI is closing its Pearl District store located in downtown Portland due to increasing local crime and retail loss from store sales, the company announced on Monday. In an email sent to members, the company expressed its sadness over the decision but explained that the Portland location experienced its highest number…

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Bed Bath & Beyond to Close More Stores

February 9, 2023
bankruptcyBed Bath and BeyondBusiness & MarketsCompanieseconomystore closureUS
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Bed Bath & Beyond said in a filing on Monday it will be closing 150 more stores as the struggling retailer cuts costs and works to turn around its beleaguered business. The retail chain has been reducing its brick-and-mortar footprint significantly over the past year. The latest round of closures builds on the previous shutdowns of…

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Bed Bath & Beyond on Brink of Chapter 11

February 2, 2023
bankruptcyBed Bath & BeyondBusiness & MarketsCompanieseconomyInvestmentstore closureUS
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Bed Bath & Beyond (BBBY) continues its slow decline into bankruptcy with the announcement of another round of 87 store closures as the struggling retailer attempts to stay afloat. The Feb. 1 announcement of 87 planned store closures follows a list of 150 Bed Bath and Beyond closures that was announced last August. The new…

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Bed Bath and Beyond to Close 37 US Store Locations in 2022

January 8, 2022
Bed Bath & BeyondBusiness & EconomyCompanieseconomystore closureUS
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Bed Bath & Beyond (BBBY), the home goods retailer, announced on Jan. 7 that it is kicking off 2022 by permanently closing 37 stores in 19 states across the United States by the end of February. The store closings are part of a plan that it announced back in 2020 to shut 200 redundant locations…

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