Bed Bath & Beyond To Close 150 Stores; Are VA Locations Affected?

VIRGINIA — Bed Bath & Beyond said Wednesday it is closing 150 stores and cutting 20 percent of its workforce, though it’s unclear if the home goods retailer plans to shutter any of its Virginia stores.

Bed Bath & Beyond has 22 stores in Virginia. Locations in Northern Virginia include Bailey's Crossroads, Hybla Valley, Springfield, Woodbridge, Fairfax, Dulles, Leesburg and Gainesville.

Earlier this year, the Vienna/Tysons area location of Bed Bath & Beyond closed. In 2020, the retailer closed a store at 900 Army Navy Drive in Arlington.

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 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.”

Here are the current Bed Bath & Beyond stores in Virginia:

• Alexandria: 7690 Richmond Highway
• Charlottesville: Barracks Road Shopping Center, 975A N. Emmet St.
• Chesapeake: Greenbrier Market Center, 1324 Greenbrier Parkway
• Christiansburg: 135 Shoppers Way Northwest
• Dulles: 45575 Dulles Eastern Plaza
• Dulles Landing: 24670 Dulles Landing, Unit 150
• Fairfax: 12100 Fairfax Towne Center
• Baileys Crossroads: 5810 Crossroads Center Way
• Fredericksburg: 3700 Plank Road
• Gainesville: 8135 Stonewall Shops Square
• Glen Allen: 10050 West Broad Street
• Harrisonburg: 283 Burgess Road
• Leesburg: 532 Fort Evans Road
• Lynchburg: 4026 Wards Road
• Midlothian: Towne Crossings, 11609 Midlothian Turnpike
• Newport News: Yoder Plaza, 12132A Jefferson Ave.
• Roanoke: 1421 Towne Square Boulevard NW
• Springfield: 6642 Loisdale Road
• Virginia Beach: Columbus Village: 220 Constitution Drive
• Williamsburg: 4900 Monticello Ave.
• Winchester: 2540 South Pleasant Valley Road
• Woodbridge: Potomac Mills, 14101 Crossing Place

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.