Bed Bath & Beyond’s Farmingdale location will close this year, the home goods retailer announced this week.
The company released a list of more than 100 stores nationwide that it plans to close in 2023. Out of the eight locations closing in New York, the Farmingdale store, located at 251 Airport Plaza Blvd., is the only one that will close on Long Island.
Bed Bath & Beyond has eight other locations on the Island which will remain open in New Hyde Park, Oceanside, Westbury, West Babylon, East Northport, Bohemia, Lake Grove, and Riverhead.
The store closures come just after Bed Bath & Beyond said last week that it may need to file for bankruptcy protection as it struggles to attract shoppers.
The New Jersey-based company, which has already been cutting costs, said Tuesday it will slash an additional $80 million to $100 million across the company, including an unspecified number of layoffs.
President and CEO Sue Gove said in a prepared statement on Tuesday that the company is working on adjusting its merchandise and strategy, which has moved away from shoppers’ preferences.
“We want our customers to know that we hear them and are charging ahead every day to meet their needs,” she said.
-With Associated Press