PITTSFIELD, Mass. — The Bed Bath & Beyond on Merrill Road will be closing in the coming months, one of 150 stores being shuttered nationwide.
The Massachusetts closures in this second round include the Burlington, Raynham, North Dartmouth, and Dedham locations.
The closing were announced last August and the company also intends laying off 20 percent of its corporate employees. Full list of store closures here. According to data company ScrapeHero, as of January 2023 the company has 691 stores in the United States.
Store closures will commence and continue over the next few weeks and months, the corporation said.
A company representative declined to say how many employees would be affected but the closure or when it would close for good.
"We previously shared this information with our valued Associates. While the decision to close a store is always a difficult one, local customers can find their favorite products online at bedbathandbeyond.com and our mobile app, where they can take advantage of digital services such as free ship-to-home for purchases $39 or more," the representative said.
"As we continue to work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as possible."
According to the company's 2022 third quarter report, Bed Bath and Beyond saw a decline in sales by 32 percent compared to the same period in 2021, with a 31 percent drop in stores and 33 percent drop online.
The 52-year-old chain began clipping its holdings in 2018, a pattern that escalated with the pandemic in 2020. CNN Business reported on Tuesday that the company was warned it was in default from its lender and that one of its alternatives was a bankruptcy restructuring.
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Pittsfield Reviews Financial Condition Before FY27 Budget
By Brittany PolitoiBerkshires Staff
PITTSFIELD, Mass. — The average single-family home in Pittsfield has increased by more than 40 percent since 2022.
This was reported during a joint meeting of the City Council and School Committee on March 19, when the city's financial condition was reviewed ahead of the fiscal year 2027 budget process.
Mayor Peter Marchetti said the administration is getting "granular" with line items to find cost savings in the budget. At the time, they had spoken to a handful of departments, asking tough questions and identifying vacancies and retirements.
In the last five years, the average single-family home in Pittsfield has increased 42 percent, from $222,073 in 2022 to $315,335 in 2026.
"Your tax bill is your property value times the tax rate," the mayor explained.
"When the tax rate goes up, it's usually because property values have gone down. When the property values go up, the tax rate comes down."
Tax bills have increased on average by $280 per year over the last five years; the average home costs $5,518 annually in 2026. In 2022, the residential tax rate was $18.56 per thousand dollars of valuation, and the tax rate is $17.50 in 2026.
The Bel Air Dam project team toured the site on Monday with the Conservation Commission to review conditions following a flooding incident. click for more