Bed Bath & Beyond Files For Bankruptcy, 13 MI Stores Affected

Photo by Bruce Bennett/Getty Images

Bed Bath & Beyond has filed for bankruptcy and plans to liquidate all inventory, according to the Wall Street Journal. "Thank you to all of our loyal customers. We have made the difficult decision to begin winding down our operations," a statement at the top of the company's website said Sunday morning.

Presently, the company's 360 Bed Bath & Beyond locations, along with its 120 buybuy BABY stores, will remain open, as will websites. But store closing sales will begin Wednesday, and Bed Bath & Beyond will close some stores. The retailer said it anticipates closing all of its stores by June 30.

Bed Bath & Beyond cautioned that it may need to file for bankruptcy.

The company announced back in August that it would shutter stores and lay off workers in a bid to turn around its business. In January, Bed Bath & Beyond cautioned that it may need to file for bankruptcy protection as it struggles to attract shoppers.

Earlier this year, the retailer updated its store closing list, which included about 290 stores. Some stores scheduled to close this year are in areas such as Lansing, Flint, Holland, Portage, Saginaw, Troy, and Westland.

The company has outlined this means for its customers in an online FAQ page. The FAQ said that the company is encouraging shoppers to seek out its discounted merchandise later this week. Items purchased before Wednesday can be returned until May 24, but all sales after Wednesday will be final. The store will stop accepting gift cards on May 8.

According to the court filing, this also leaves 14,000 workers' jobs at risk. Back in February, the company had 32,000 workers, said the court filing. Several reports said that wages and benefits will be honored as the company completes the bankruptcy process for current employees.

Bed Bath & Beyond became known for pots and pans, towels, bedding stacked from the floor to the ceiling, and for its 20 percent off coupons.

Here are 13 Michigan stores affected by the Bed Bath & Beyond bankruptcy.

Novi

43610 West Oaks Drive
Novi, MI 48377

Beverly Hills

31535 Southfield Road
Beverly Hills, MI 48025

Rochester Hills

1242 South Rochester Road
Rochester Hills, MI 48307

Flint

3605 Miller Road
Flint, MI 48507

Troy

Oakland Square
650 John R. Road
Troy, MI 48083

Sterling Heights

12020 Hall Road
Sterling Heights, MI 48313

Taylor

23871 Eureka Road
Taylor, MI 48180

Roseville

Gratiot Plaza
30801 Gratiot Avenue
Roseville, MI 48066

Saginaw

4420 Bay Road
Saginaw, MI 48603

Holland

3050 Beeline Road
Holland, MI 49424

Petoskey

910 Spring Street
Petoskey, MI 49770

Traverse City

3301 North U.S. 31
Traverse City, MI 49684

Grand Rapids

4901 28th Street Southeast
Grand Rapids, MI 49512

Kayla MorganEditor

Kayla is the midday host on Detroit’s 105.1 The Bounce. She started her career in radio back in 2016 as an intern at another Detroit station and worked her way here. She's made stops in Knoxville, TN, Omaha, Ne and other places before returning to Detroit. She’s done almost everything in radio from promotions to web, creating content on social media, you name it. She’s a true Michigander, born and raised. So, you can catch her camping or vacationing up north to exploring the downtown Detroit or maybe even catching a sports game. During her free time, Kayla enjoys watching movies, roller-skating, crafting, and music festivals. She and her husband together dip into many of the great things Michigan has to offer. Together they also like to travel. A few hobbies of hers include wine and beer tastings, crafting, hiking, roller skating, movies, home improvement projects, gardening, and festivals. She’s always looking to take on more local events happening in the community. She loves connecting with the community. When writing, Kayla covers topics including lifestyle, pop culture, trending stories, hacks, and urban culture.