Bed Bath & Beyond Shuttering Wynnewood Location Amid Downsizing

WYNNEWOOD, PA — The Wynnewood Bed Bath & Beyond location is shutting its doors.

The china released a list of 56 stores in the chain that are closing.

So far, Wynnewood is the only location in the Philadelphia region that is closing.

The company expects to identify almost another 100 stores for closure.

The struggling home goods retailer released its plans last month to close the “lower producing” locations, representing about 20 percent of its namesake stores, according to the report.

The closures are part of a broader plan to try to stabilize the company’s finances and turn around its declining sales.

In late August, Bed Bath secured more than $500 million in new financing, including a loan, ahead of the key holiday season.

The stores that are closing are scattered across the U.S., from California and Nevada to Ohio and Florida.