Bed Bath & Beyond To Close Hamden Store

HAMDEN, CT — The Bed Bath & Beyond in Hamden has joined the list of store closures for the struggling home goods retailer.

The Hamden store, located at 2045 Dixwell Avenue, was added to the list of store closings on Tuesday following the company’s third-quarter update. It joins the Stamford and Waterford locations that closed last year.

The latest closure leaves nine remaining Bed Bath & Beyond stores in Connecticut: Brookfield, Enfield, Fairfield, Guilford, Manchester, Norwalk, Simsbury, Southington, and Wethersfield.

Bed Bath & Beyond announced last August that it would eventually shutter 150 locations and cut 20 percent of its workforce in an attempt to turn things around.

The retailer reported on Tuesday that its net sales decreased by 33 percent to $1.26 billion for the third quarter ending Nov. 26, 2022.

“At the beginning of the third quarter, we initiated a turnaround plan anchored on serving our loyal customers, following a period when our merchandise and strategy had veered away from their preferences,” Bed Bath & Beyond CEO Sue Gove said in a news release. “Although we moved quickly and effectively to change the assortment and other merchandising and marketing strategies, inventory was constrained and we did not achieve our goals. We will continue to rebalance our assortment towards National Brands and refine our Owned Brands mix to reflect the deep understanding of our customer, along with the selection and value only we can offer in the Home and Baby markets. We are actively pursuing higher in-stock levels to meet proven demand."

Gove said the company is implementing its plan “expeditiously while managing our financial position in a changing landscape.”

"As we shared last week, we continue to work with advisors as we consider all strategic alternatives to accomplish our near- and long-term goals,” Gove said. “We have a team, internally and externally, with proven experience helping companies successfully navigate complex situations and become stronger. Multiple paths are being explored and we are determining our next steps thoroughly, and in a timely manner. We are committed to updating all stakeholders on our plans as they develop and finalize – particularly our employees and partners, who are the essential catalysts of our business and the cornerstones of our future."