Bed Bath & Beyond to close 43 more stores, including 1 in Valley, by the end of February

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Posted at 10:06 AM, Jan 08, 2021
and last updated 2021-01-08 12:06:55-05

Bed Bath & Beyond will close 43 locations by the end of February, including one in Arizona, as part of a previously announced plan to close 200 stores in the next two years.

USA Today reported that among the closures is the Peoria store at 24760 N. Lake Pleasant Parkway.

Bed Bath & Beyond had announced in July its plans to close 200 stores in the next two years under a real estate and fleet optimization plan. The store at Paradise Village Gateway at 10845 North Tatum Blvd. in northeast Phoenix was the only one the retailer closed in Arizona before the end of 2020. Prior to that closure, Bed Bath & Beyond had 24 stores in Arizona including 16 in the Valley.

Bed Bath & Beyond Inc., which also operates buybuy BABY, Harmon Face Values and Decorist, said in fiscal third-quarter 2020 results released Thursday that it had its second consecutive quarter of comparable sales growth for the three months ended in November, fueled by a 94% increase in digital sales.

Read more at the Phoenix Business Journal.