3 More Illinois Bed Bath & Beyond Stores To Close In Coming Months

ILLINOIS — Three more Illinois Bed Bath & Beyond stores are closing, with two of the affected locations being located in the greater Chicago area, as the retail chain continues struggling to attract shoppers.

The company said Tuesday it plans to cut an additional $80 million to $100 million with an unspecified number of layoffs. It also said it’s considering selling assets or restructuring its business in bankruptcy court, but warned it may have to file for bankruptcy protection.

The Wall Street Journal reported on Tuesday that the retailer burned through $300 million in cash and assets in the fourth quarter of 2022 alone as Bed, Bath and Beyond's sales continue to flounder, prompting Tuesday's announcement. The Journal also reported that the company would be facing a large number of layoffs as the retailer's fleet of stores continues to diminish.

The news comes after the struggling retailer in September announced plans to close six Illinois stores, including Joliet, Gurnee, Schaumburg, Fairview Heights, Carbondale and Bourbonnais.

The retailer's Champaign location closed just before Christmas.

The new list of store closings includes:

• Chicago: 1419 N. Kingsbury St.
• Vernon Hills: 413 Milwaukee Ave.
• Quincy: 5110 Broadway St.

The stores are expected to close within the next few months, with liquidation sales possibly starting soon.