Advertisement

Bed Bath & Beyond Shutters Remaining Harmon Stores; Media Reports Say Search for a Buyer Stalled

Bed Bath & Beyond will reportedly shutter its 50 remaining Harmon stores in addition to 87 Bed Bath & Beyond locations and five buybuy BABY shops. Additionally, efforts to find a buyer ahead of its potential bankruptcy filing have reportedly stalled, people familiar with the matter told Bloomberg News.

The store closures are in addition to previously announced plans to close 150 underperforming Bed Bath & Beyond locations. Both announcements are part of the retailer’s ongoing program of closing lower-performing stores.

“As we continue to work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible,” said Bed Bath & Beyond in a statement.

Additionally, hurdles in finding a buyer could increase the chances of a Chapter 11 filing, but the sources noted that talks are ongoing and an interested party could still emerge. The retailer has reportedly been in talks with potential buyers that include Sycamore Partners and Authentic Brands Group. Bed Bath & Beyond has noted that “multiple paths are being explored and we are determining our next steps thoroughly, and in a timely manner,” according to a company spokesperson.

Advertisement

Bed Bath & Beyond also is under pressure due to defaulting on a $550 million loan from JPMorgan earlier in January 2023. The company is seeking a fresh lender that can offer the necessary capital to remain operational during its restructuring.

Featured Event

View the Retail Trendcaster Webinar Series on-demand to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

On-Demand Limited Video Series

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. View the full lineup of the Retail Trendcaster video series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Access Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: