Find in the news:

Bed Bath & Beyond to close all Harmon stores

The retailer continues to take steps to save the business.
Bed Bath & Beyond

American company Bed Bath & Beyond has decided to close its retail chain under the Harmon brand and cut the number of its stores by 87 outlets. The latest series of closures will be another step in streamlining the business, which will involve a reduction of 150 stores.

Last week retailer defaulted on a $550 million loan. Bed Bath & Beyond's sales fell by a third last year to $1.3 billion. The company's total debt is now estimated at $2 billion.

The retailer continues to take steps to save the business, but analysts believe the company will be forced to initiate bankruptcy protection. This week, the company decided to divest its Harmon subsidiary, which specializes in selling skin care, hair care, and cosmetics and hygiene products.

Harmon joined the Bed Bath & Beyond portfolio in 2002. Today, the retailer has 50 stores, including 30 in New Jersey, 15 in New York, and several in California, Nevada, Connecticut and Florida.

Bed Bath & Beyond had 950 stores, including 760 of the eponymous brand, in 50 states as of the end of November of last year. In addition, the retailer owns 137 BuyBuy Baby stores and 50 stores under the Harmon, Harmon Face Values, or Face Value banners.

Bed Bath & Beyond still needs to file a financial report for 2022. Analysts predict the company will post a net EBITDA loss of more than $740 million. The company's liquidity is currently estimated at $500 million, and analysts expect it to run out entirely by the end of 2023. Thus, in the coming weeks, we can expect the company to file for restructuring through bankruptcy.

More about shopping malls in the USA

TODAY, United Kingdom:
The brand invites guests to enjoy a fashion-inspired tea time in a classic Prada-style interior.
The company is considering acquiring the footwear manufacturer and retailer Hunter.
YESTERDAY, United Kingdom:
Initially, the sporting goods rental program appeared in stores in London, Glasgow, Poole and Southampton.
European linen, cotton-cashmere and organic cotton create BR Home collections.
Apple has introduced a new feature that allows users to split payments for goods and services into equal parts.
Adidas is trying to challenge the registration of the new logo in court.
and Follow
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Westfield Santa Anita ADDRESS: 400 S. Baldwin Ave. Arcadia, CA 91007
USA . Arcadia
Westfield Santa Anita
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us