6 More FL Bed Bath & Beyond Stores To Close In Coming Months

FLORIDA — Six Florida Bed Bath & Beyond stores are closing in early 2023 as the retail chain continues struggling to attract shoppers.

The company said Tuesday it plans to cut an additional $80 million to $100 million with an unspecified number of layoffs. It also said it’s considering selling assets or restructuring its business in bankruptcy court, but warned it may have to file for bankruptcy protection.

The news comes after the struggling retailer in September 2022 announced plans to close two Florida stores in Sunrise and Sanford.

The Wall Street Journal reported on Tuesday that the retailer burned through $300 million in cash and assets in the fourth quarter of 2022 alone as Bed, Bath and Beyond's sales continue to flounder, prompting Tuesday's announcement. The Journal also reported the home goods company faces a large number of layoffs as locations continue to diminish.

The new list of store closings includes:

• Orlando: 5295 International Drive, Suite 100
• Oviedo: 1115 Vidina Place, Suite 175
• Pompano Beach: Shoppers Haven, 3459 N. Federal Highway
• Sebring: 1748 US 27 N.
• Brooksville: 7187 Coastal Blvd.
• Homestead: 2595 NE 10th Court

The six stores targeted for shutdown are expected to close within the next few months, with liquidation sales possibly starting soon.

Bed Bath & Beyond has 58 stores in Florida, including stores in Bradenton, Brandon, Clearwater, Destin, Fort Lauderdale, Fort Myers, Gainesville, Lakeland, Miami, Orlando, Sarasota, St. Petersburg, and Tampa.

Related: These Struggling FL Retailers May Close Locations In 2023

Even before boutiques and malls were shut down by the coronavirus outbreak, traditional brick-and-mortar establishments saw a nosedive in revenue and popularity with the emergence of e-commerce companies such as Amazon and Walmart.