Bed Bath & Beyond Closing 6 More NJ Stores

NEW JERSEY — Troubled retailer Bed Bath & Beyond will close six more New Jersey stores, bringing the total number of store closures in the Garden State to nine, the company announced this week.

Closures revealed early this week include Bed Bath & Beyond stores in Bridgewater, Mays Landing, Mount Laurel, Kinnelon, Matawan and Flemington. The retailer removed the Matawan location from its list of New Jersey stores. It wasn't immediately clear how long each of the others would remain open.

Once the aforementioned stores close, New Jersey will have 21 Bed Bath & Beyond locations. The corporation began the downsizing period last summer with 30.

The troubled retailer, headquartered in Union, already shuttered a significant number of New Jersey stores recently, including three of its namesake locations and all Harmon Face Values locations. Harmon, which Bed Bath & Beyond owns, operated 30 of its 50 remaining shops in the Garden State.

• Read more: Harmon Closes All NJ Stores As Bed Bath & Beyond Downsizes

Last August, Bed Bath & Beyond officials said the chain would close about 150 of its more than 900 locations nationwide and cut its workforce by 20 percent, as it sought to climb out of its financial hole. The company has defaulted on some loans, and it reportedly is looking at restructuring its debt in bankruptcy court.

Bed Bath & Beyond has slowly rolled out dozens of stores that have closed or that the retailer plans to shutter. Those include Bed Bath & Beyond locations in Paramus, Flanders and Manalapan, all of which have closed.

The company has struggled to find a buyer in bankruptcy so far, so Bed Bath & Beyond may file for Chapter 11 bankruptcy protection without a bidder for its assets, Bloomberg reported Friday.

Bed Bath & Beyond has made massive job cuts in recent years, reducing the workforce from 65,000 in 2018 to 32,000 as of March, according to Macrotrends data. The corporation cut 328 jobs in Port Reading last year — New Jersey's largest single-location mass layoff in 2022. Port Reading is home to a Bed Bath & Beyond e-commerce fulfillment center.