2 VA Bed Bath & Beyond Stores Closing As Part Of Mass Shutterings

VIRGINIA — Two Bed Bath & Beyond stores in Virginia are among 56 nationwide identified for closure by the company, which last month said it would eventually shutter 150 locations and cut 20 percent of its workforce in an attempt to turn around the struggling home goods retailer.

Included on a recently updated list of stores slated to close are the Leesburg location at 532 Fort Evans Road and the Christiansburg location at 135 Shoppers Way NW.

Bed Bath & Beyond has 22 stores in Virginia. Locations in Northern Virginia include Bailey's Crossroads, Hybla Valley, Springfield, Woodbridge, Fairfax, Dulles, Leesburg and Gainesville.

Earlier this year, the Vienna/Tysons area location of Bed Bath & Beyond closed. In 2020, the retailer closed a store at 900 Army Navy Drive in Arlington.

The closures will include “lower producing” banner namesake stores, and layoffs will be across corporate and supply chain staff, the company said in late August.

Read more: Bed Bath & Beyond CFO Falls To Death From Tribeca Building

Sluggish sales carried into the third quarter, the company said, with in-store sales dropping by 26 percent for the three-month period ending Aug. 27, compared with the same period in 2021 — the steepest drop in sales the chain had seen in years.

The company said it received $500 million in new financing to shore up its business model before the fourth-quarter holiday shopping season. Plans include returning national brands to store shelves, a strategy interim CEO Sue Gove said is intended to make the company once again “a preferred shopping destination.”

“We are embracing a straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns,” Gove said in a company news release. “The customer underpins our decisions, and we are committed to delivering what they want while driving growth, profitability, and financial returns.”