In June, it paid at almost 39 percent of them, according to the latest Datex Property Solutions report on national retail chains. Bed Bath & Beyond in Lincoln Square, 1932 Broadway At 65th Street, New York, NY, 10023, Store Hours, Phone number, Map, Latenight, Sunday hours, Address, Baby Accessories, Homeware. In May, the company paid no rent at any of its locations. The retailer sold 2.1 million square feet of space to Oak Street Real Estate Capital - including its headquarters in Union Township, New Jersey - and in February, new CEO Mark Tritton announced plans to invest $1 billion on upgrading its stores and lease buybacks.īut the pandemic changed things. Many customers at the retailer’s shop on Sixth Avenue bemoaned the blow to brick and mortar shopping as the company will be shuttering its 360 Bed Bath & Beyond and 120 Buy Buy BABY stores. The chain is closing all of its New York City locations except the one in Chelsea. Prior to the onset of the pandemic, Bed Bath & Beyond announced it would sell about half of its real estate to a private equity firm and then lease back the space, a deal expected to earn the company more than $250 million. NEW YORK (WABC) - Bed Bath & Beyond has announced it's closing more stores, including ones in the Tri-State area. Bed Bath & Beyond’s strategy of inundating shoppers with coupons and stocking its stores with a wide variety of goods was already becoming outdated, thanks to competition from online retailers like Amazon. We carry eco-friendly furniture for all of your nursery needs. Check out Argington on the Bed Bath & Beyond website. The pandemic has left many traditional retailers, who were already under pressure from the e-commerce boom, facing difficult choices. Most under stocked BBB Ive ever seen, but they still have the essentials. It had previously been clarified to say that this was a sublease with Bed Bath & Beyond, not a direct lease.By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. Bed Bath and Beyond has announced more store closings as part of plans to axe 150 underperforming locations, leaving only one location still operating in Central New York. Update: This article has been corrected to reflect the fact that deal with Spirit Halloween has fallen through. 7 now includes all of Bed Bath & Beyond’s New York City. Cost Plus World Market, which is owned by Bed Bath & Beyond, shuttered its store in the building during the pandemic. In an effort to avoid bankruptcy, owners of the chain department store will shutter 150 stores nationwide. T.J.Maxx and Marshalls occupy the retail portion of the landmarked Ladies’ Mile property between West 18th and West 19th streets. We offer early shopping hours for customers 60+ and those at risk from 8-9 am Tuesday Contactless, Curbside Pickup is also available - it's fast & free. The Chelsea location closed earlier this year. (212) 255-3550 Website More Directions Advertisement Safety is the primary focus of everyone at Bed Bath & Beyond. However, the company laid off 51 people from the Chelsea store in April, after announcing plans to shutter and liquidate its 360 stores and 120 Buy Buy Baby locations. As Bed, Bath and Beyond declares bankruptcy, remembering that the NYC location where I outfitted my first apartment stood on the old Chippendale’s location From beefcake to bath linens. When creating their new location in Brooklyn, New York, Bed Bath & Beyond wanted to establish more meaning for the beyond portion of their store. SEE ALSO: Law Firm Sidley Austin Pre-Leasing Big Office Space at JMB’s Tower Underway in L.A.ĭespite the location falling through, Spirit - which sells costumes and decorations, typically in temporary pop-up locations - still plans to open 14 other seasonal stores throughout New York City this fall.īed Bath & Beyond had occupied the 92,000-square-foot space for the better part of three decades, renewing its lease in 2020 while shrinking slightly, CO reported at the time.
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