Crystal Lake Bed Bath & Beyond Will Close

CRYSTAL LAKE, IL — The Crystal Lake Bed Bath & Beyond is among 87 additional stores across the U.S. that will be closing, the company announced Tuesday.

The struggling retailer is hoping to avoid bankruptcy by shuttering the stores, including its Crystal Lake location at 5786 Northwest Highway. The closure will leave a vacancy at the busy strip mall along Route 14, which also houses Fresh Market, TJ Maxx and Best Buy.

The news Tuesday comes on the heels of the company announcing plans to shutter 150 locations across the U.S. in the final quarter of 2022. According to a list published by USA Today, the new Bed Bath & Beyond closures include the following locations:

• 3232 Lake Ave., Wilmette
• 1584 S. Randall Rd, Geneva
• 5786 Northwest Highway, Crystal Lake
• 9650 S. Ridgeland Ave., Chicago Ridge
• 215 Harlem Ave, Forest Park

Company officials with another local big box store, the Best Buy in Algonquin, also confirmed plans to close Tuesday. Company officials said residents can visit the nearby Crystal Lake location following the closure.

• READ MORE: Algonquin Best Buy Will Close
  

The nearest Bed Bath & Beyond for Crystal Lake area residents is 15 miles away in Kildeer.

Tuesday’s updated list of affected stores came after the retailer previously announced in September and December that it would close low-performing stores. At the time of the last list of store closures, a total of 10 Illinois stores were affected. Tuesday’s new closures affect nearly 90 stores across the U.S., with Florida having 11 store closings and New Jersey losing all of its Bed Bath & Beyond-owned Harmon stores.

Bed Bath & Beyond had said previously that it would take stock of its inventory of stores and shutter the locations considered to be the most low-performing. While the goal of the store closures is to avoid bankruptcy, Reuters reported on Tuesday that Bed, Bath And Beyond was exploring “multiple paths.” Reuters also reported that the retailer missed a loan payment and has not been paying its debts already this week as January comes to a close and could file for bankruptcy as early as this week.

• READ MORE ON PATCH: 5 More Illinois Bed Bath & Beyond Stores To Close Amid Difficulties