Another Hudson Valley Bed Bath & Beyond Bites The Dust

HUDSON VALLEY, NY — Two Bed Bath & Beyond stores in the Hudson Valley are now confirmed to be among 56 nationwide identified for closure by the company.

Last month, the stores' parent company said it would eventually shutter 150 locations and cut 20 percent of its workforce nationwide in an attempt to turn around the struggling home goods retailer.

You may have recently received an email from Bed Bath & Beyond about everything being on sale at the Middletown or Mount Vernon locations. While workers arriving for their shifts earlier this week and a call to the store confirmed that the Mount Vernon location is having a "going out of business" sale, the Middletown store would only confirm that there is a "clearance sale."

Prior to its closing earlier this year, the Port Chester Bed Bath & Beyond had a similar "Entire Store On Sale" event in which all items, with few exceptions, were discounted.

A recently updated company list of stores slated to close included both the Mount Vernon store, as reported by Patch earlier this week, as well as the Middletown store in Orange Plaza.

SEE ALSO:

• Bad Sign For One Of The Few Remaining Westchester Bed Bath & Beyonds
• Bed Bath & Beyond Closing More Stores; Will Hudson Valley Be Affected?
• Westchester Bed Bath & Beyond Among 7 In NY Slated To Close
• Bed Bath & Beyond CFO Falls To Death From Tribeca Building

After the Mount Vernon and Middletown Bed Bath & Beyond stores close, the company will have only five stores left in the Hudson Valley: Yonkers, Elmsford, Kingston, Newburgh and Poughkeepsie.

The constriction is part of the chain’s turnaround push. The closures include “lower producing” banner namesake stores, and layoffs will be across corporate and supply chain staff, the company said in a news release last month, ahead of a call with investors.

Sluggish sales have carried into the third quarter, the company said, with in-store sales dropping by 26 percent for the three-month period ending Aug. 27, compared with the same period in 2021. It was the steepest drop in sales the chain had seen in years.

The company said it had received $500 million in new financing to shore up its business model before the important fourth quarter holiday shopping season. Plans include returning national brands to store shelves, a strategy interim CEO Sue Gove said is intended to make the company once again “a preferred shopping destination.”

“We are embracing a straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns,” Gove said in the release, adding, “The customer underpins our decisions, and we are committed to delivering what they want while driving growth, profitability, and financial returns.”