Bed, Bath & Beyond to close 6 stores in Illinois as part of financial restructuring

Six Illinois stores are among those that troubled home goods retailer Bed Bath & Beyond has scheduled to close across the country.

The Illinois stores that will close are in Gurnee, Schaumburg, Fairview Heights, Carbondale, Bourbonnais and Joliet.

The company said in August that it would close some 150 stores and reduce their workforce by 20%. He did not share information about which stores would be closing at the time, but has since posted a list of 56 stores that will be closing on his website.

The retailer has 26 locations in Illinois, according to its online store locator, including one in Chicago. The company said in May that it had a total of 955 stores, including 769 namesake locations, 135 Buy Buy Baby stores and 51 stores under the Harmon, Harmon Face Values ​​or Face Values ​​names.

Shares of the New Jersey-based retailer lost nearly a quarter of their value following the August announcement, and the company said it expected comparable sales to drop 26% in the second quarter.

COO John Hartmann leaves and the company eliminates his position. In August, the company said it was still looking for a permanent CEO.

In mid-August, Chewy Inc. co-founder and billionaire Ryan Cohen sold his entire stake in Bed Bath & Beyond, which he bought just a few months earlier.

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