Bed Bath & Beyond is closing more locations, including all Harmon stores

• Bed Bath & Beyond is closing more stores, including all Harmon stores.
• All 50 Harmon stores, which sell beauty and health products, will close.
• The retailer last week said it didn’t have the resources to pay off its debts.

Embattled retailer Bed Bath & Beyond is closing even more stores, including all stores operating under the Harmon banner. 

The new list of closures — posted to the company’s website on Jan. 30 — includes 142 more store closures, including 87 Bed Bath & Beyond stores, five BuyBuy Baby stores and all 50 Harmon stores, which sell health and beauty products.

Bed Bath & Beyond already planned to close 120 stores this year, according to a list it published at the beginning of January. Most of those stores were its namesake Bed Bath & Beyond stores, though those closures included two Harmon stores and six Buybuy Baby stores, the retailer’s baby goods store. 

“As we continue to work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible,” said a spokesperson for the retailer in a statement to Retail Leader. “This store fleet reduction expands the company’s ongoing closure program of approximately 150 lower-producing Bed Bath & Beyond banner stores.”

The retailer last week in a filing with the Securities and Exchange Commission (SEC) said it lacked the “sufficient resources” to pay its debts after creditor JP Morgan Chase & Co. earlier in the week informed the retailer that its outstanding debts would be due immediately. It had already said a bankruptcy filing was on the table.