Here's When MA Bath & Beyond Stores Closing Sales Begin

MASSACHUSETTS — The 10 remaining Bed Bath & Beyond stores in Massachusetts will begin winding down operations this week with clearance sales — and will stop accepting the chain's famous 20% off coupons.

The New Jersey-based company announced Sunday it would file for Chapter 11 bankruptcy in that state. The firm said its 360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as it "begins its efforts to effectuate the closure of its retail locations."

Closing sales were set to start Wednesday, at which point coupons will no longer be accepted. Rewards, gift cards, merchandise credits and certain returns will be accepted through various points in May.

The 10 remaining Massachusetts locations include:

• Auburn, 366 Southbridge St.
• Braintree, 400 Grossman Drive
• Danvers, 180 Endicott St.
• Foxborough, 330 Patriot Place
• Hadley, 337 Russell St.
• Hingham, 9 Shipyard Drive
• Hyannis, 65 Independence Drive
• Leominster, 76 Orcharge Hill Park Drive
• Plymouth, 200 Colony Place
• Somerville, 119 Middlesex Ave.

The Hadley and Leominster stores were part of a slate of closures announced in February, although they are still listed as operational on the company's website. Counting those two stores, Bed Bath & Beyond has closed 11 Massachusetts stores since September including locations in Hudson, North Attleboro, Dedham, Milford, North Dartmouth, Raynham, Seekonk, Dorchester and Pittsfield.

Despite its plans for liquidation, the company intends to use the bankruptcy proceedings for the sale of some or all assets, filing motions to market Bed Bath & Beyond and Buy Buy Baby for auction.

"In the event of a successful sale, the Company will pivot away from any store closings needed to implement a transaction," the news release said. "The Company believes this dual-path process will best maximize value."

The retailer said it secured a commitment of roughly $240 million in financing from Sixth Street Specialty Lending Inc. to allow it to keep operating during the bankruptcy process.

The filing comes as the economy is weakening and shoppers are tightening their purse strings. The company announced in August it would close about 150 of its namesake stores and slash its workforce by 20 percent.

Bed Bath & Beyond warned Jan. 5 that it was considering various options including filing for bankruptcy and said that there was "substantial doubt" that it could stay in business.

In late March, it noted that preliminary results showed anywhere from a 40 percent to 50 percent decline in sales at stores opened at least a year for the quarter that ended Feb. 25.

For more information about the bankruptcy filing, visit restructuring.ra.kroll.com/bbby.

The Associated Press contributed to this story.