Much like JCPenney and Sears Hometown Stores Inc. No time frame was given for when the store will officially close its doors. “Our teams have worked with incredible purpose to support and strengthen our beloved banners, Bed Bath & Beyond and buybuy BABY.” “Millions of customers have trusted us through the most important milestones in their lives – from going to college to getting married, settling into a new home to having a baby,” said Bed Bath & Beyond Inc. (Tyler Brown/Durango Herald)Īn April 23 news release said Sixth Street Specialty Lending has agreed to lend Bed Bath & Beyond $240 million in debtor-in-possession financing so the company can have the cash flow necessary to support operations through the bankruptcy process. Signs advertising the closing of Bed Bath & Beyond on Monday at the Durango Mall. The Bed Bath & Beyond public relations department declined to comment about the Durango store closing. In January, Bed Bath and Beyond reported a net loss of $393 million and a 33% loss in sales during its third fiscal quarter ending in November, according to the company’s reports. CNN reported that the company had $5.5 billion in debt and filed for Chapter 11 bankruptcy in April. It comes as little surprise as Bed Bath & Beyond Inc. Sears Hometown Store went under in late January. It will be the second business to leave the mall in the last five months. Going out of business signs say products will be marked 10 to 40% off the lowest ticketed price. The retailer, which was anchored at the north end of the mall, advertised it is closing last weekend. (Tyler Brown/Durango Herald)īed Bath & Beyond, which is closing all of its stores in Colorado, leaves yet another void in the Durango Mall. The company announced on April 23 that it will start liquidating its assets as part of filing for Chapter 11 bankruptcy. Bed Bath & Beyond is going out of business at the Durango Mall.
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