Bed Bath & Beyond To Close Gaithersburg Location

Gaithersburg MD

21 September, 2020

11:02 AM

Description

GAITHERSBURG, MD — Bed Bath & Beyond this fall will close three stores in Maryland, including one in Gaithersburg. They are among 63 locations nationwide the housewares chain said it would shutter by the end of this year. The story was first reported on Friday by USA TODAY. The Bed Bath & Beyond stores in Maryland scheduled to close by Dec. 31 are: Gaithersburg: 558 N. Frederick Ave.Hanover: 7000 Arundel Mills CircleSalisbury: 2653 N. Salisbury Blvd.Bed Bath & Beyond's senior manager for public relations, Jessica Joyce, called the move "an important step in our multi-year program to create a sustainable, durable business and invest where it matters most to our digital-first customers and our people." 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. Earlier this year, before the coronavirus outbreak, Bed Bath & Beyond closed 40 stores around the country. In July, the New Jersey-based home goods giant, whose sister stores include World Market, buybuyBaby and Harmon Face Values, said it planned to close about 200 stores in the next few years. The locations announced Friday are the first wave of those closings. As it sunsets more brick-and-mortar operations, the retailer will be amping up its online presence. "This includes the launch of an exciting array of customer-inspired owned brands in 2021, along with new omnichannel services that provide faster, more convenient shopping like Buy-Online-Pickup-In-Store, Curbside Pickup and same-day delivery," according to Joyce. Other chains that are closing some or all of their Maryland stores include Pier 1 Imports, Bed Bath & Beyond, Sears, Kmart, Motherhood Maternity, Dressbarn, and more. The parent company of clothing retailers including Justice, Lane Bryant, Ann Taylor, LOFT, Catherine's, and Cacique filed for Chapter 11 bankruptcy earlier this year and announced plans to close about half its 2,800 stores, including 76 Ann Taylor, LOFT and Lou & Grey stores, more than 600 Justice stores and all Catherine's plus-size clothing store locations. Ten Justice stores in Maryland and all four Catherine's stores are slated for closure. A record 9,300-plus store closings were announced in 2019, and that number could be even higher in 2020, according to a report by Business Insider.