Bed Bath & Beyond and some Party City customers are facing deadlines for when stores will be closed for good. All Bed Bath & Beyond stores will be shuttered by the end of June.
David's Bridal CEO Jim Marcum discusses how the nation's largest wedding outfit retailer can survive bankruptcy on 'The Claman Countdown.'Bed Bath & Beyond and some Party City locations are coming to an end.
"This does not change our dual-track process as we simultaneously continue pursuit of a sale for some or all of the company’s assets," the company said in a statement. "Stores included under a potential transaction could remain open and operational beyond previously announced closing dates pending the outcome of the ongoing sale process."
Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023.In the meantime, the company said its 360 Bed Bath & Beyond stores, 120 buybuy Baby stores and its websites will remain open to serve customers as store closing sales, which kicked off on April 26, continue. Meanwhile, some Party City customers are in a similar boat.
A&G Real Estate Partners, the real estate adviser to Party City Holdco Inc. started auctioning off some of the company's leases as part of its "A"Halloween Costumes" sign is displayed in the window of a Party City store in Richmond, California, U.S., on Wednesday, Sept. 22, 2020.
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