A short time later it plunged to less than $10.īed Bath & Beyond's stock is down about 65% in the last 12 months. He was among the defendants named in a class-action suit that claims that he was among a group of stock traders who artificially inflated Bed Bath & Beyond's stock in what is called a 'pump and dump' scheme.Īrnal had recently sold more than 50,000 shares when the stock was in the upper $30s a share. Gustavo Arnal fell to his death from a Manhattan building in an apparent suicide two weeks ago.Īrnal joined Bed, Bath & Beyond in May 2020 and previously worked for Avon cosmetics company, Walgreens Boot Alliance, and Proctor & Gamble. Separately, the company is still dealing with the death of its chief financial officer. It was not immediately clear how soon the stores would be shuttered, or how many employees would be let go as a result. Lakewood, WA: 5830 Lakewood Towne Center Blvd., S.W.Christiansburg, VA: 135 Shoppers Way NW.Port Arthur, TX: Central Mall 3100 Highway 365 Suite 114.Wichita Falls, TX: 3201 Lawrence Road Suite A.Bayamon, PR: Plaza Del Sol, 725 West Main Avenue.Beaverton, OR: 2780 SW Cedar Hills Blvd.Sandusky, OH: 4020 Milan Road, Unit# 910.Hamilton, OH: Bridgewater Falls, 3451 Princeton Road.Farmingdale, NY: 251 Airport Plaza Blvd.Plattsburgh, NY: 73 Centre Drive, Suite 100.New Hartford, NY: 4805 Commercial Drive.Middletown, NY: 470 Route 211 East, Suite 3.Flanders, NJ: 30 International Drive, Suite 1.Charlotte, NC: The Arboretum, 3413 Pineville-Matthews Rd.White Lake Twp., MI: 9050 Highland Road.Chesterfield, MI: 50551 Waterside Drive.Walker, MI: Green Ridge Square, 3410 Alpine Avenue NW.Northville, MI: Northville Retail Center, 17223 Haggerty Rd.Farmington Hills, MI: 31075 Orchard Lake Road.Dorchester, MA: 8B Allstate Road, Suite 1.It has now named 56 of the stores set to. Sales in the second quarter slumped roughly 26, and it is aggressively cutting costs. Bossier City, LA: 2900 Meadow Creek Drive Bed Bath & Beyond is closing around 150 stores and laying off staff.Bourbonnais, IL: 2056 North State Route 50.Carbondale, IL: University Mall, 1265 E.Fairview Heights, IL: Fairview Center, 6611 N.Gurnee, IL: 6132 Grand Ave., Gurnee Mills Mall.Snellville, GA: Presidential Market Center, 1905 Scenic Hwy Suite 5000.Liquidation sales have already begun at these locations. Stamford, CT: Ridgeway Shopping Center, 2275 Summer Street Bed Bath & Beyond is closing 37 stores across the US before the end of February.San Leandro, CA: 15555 East 14th Street, Suite 240.Larkspur, CA: 2601 Larkspur Landing Circle.Tucson, AZ: 5225 South Calle Santa Cruz.They span across the U.S., from Washington to Arizona to Florida and up to Massachusetts. Thursday, the company released a list of 56 stores it plans to close. Time is of the essence for the company heading into the critical holiday shopping season.
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