NEW YORK (1010 WINS) — As the home goods retailer Bed Bath & Beyond continues to struggle financially, the chain has started to announce which locations it intends to shut down.
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The company announced its intention to close 150 stores in August and cut its workforce by 20%.
CEO Gustavo Arnal killed himself by jumping off a Manhattan skyscraper just days after the announcement amid a class action lawsuit accusing him of a “pump and dump” stock manipulation scheme.
As of May, the chain was running 955 stores, 186 of which were under brand names other than Bed Bath & Beyond.
Higher ups are hoping the cuts will save $250 million this fiscal year.
The retailer this week announced 56 of the locations it intends to shut down.
Ten of those stores are in the Tri-State Area — five in New York, three in New Jersey and two in Connecticut.
New York
-Farmingdale: 251 Airport Plaza Blvd.
-Middletown: 470 Route 211 East, Suite 3
-Mt. Vernon: 500 East Sandford Blvd.
-New Hartford: 4805 Commercial Drive
-Plattsburgh: 73 Centre Drive, Suite 100
New Jersey
-Flanders: 30 International Drive, Suite 1
-Manalapan: 13 Route 9 South
-Paramus: 34 E Ridgewood Ave
Connecticut
-Stamford: Ridgeway Shopping Center, 2275 Summer Street
-Waterford: 850 Hartford Turnpike
More closures could be coming to the region as the company decides which stores to ax.
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