12. Bed Bath & Beyond
Year Established: 1971
Store Closures: 43 Branches*
Even while Bed Bath & Beyond plans to close about 40 locations by the end of 2022—less than 4% of all its locations worldwide—many industry experts believe that these closures could only be the beginning of a larger wave that could occur over the course of the next several years. Business Insider expressed less optimism, stating that Bed Bath & Beyond was going through a “rise and fall.” The company’s bonds have been hovering around the junk debt line for some time, trading at 73 cents on the dollar in December 2019. CNBC reported that the company was attempting to “save itself from extinction.”
12. Bed Bath & Beyond
13. Guess
Year Established: 1981
Store Closures: 200 Branches*
Since its founding in California in 1981, Guess has played a significant role in American history, but like many high-end stores, it hasn’t had an easy time lately. Guess declared in January 2021 that it would close 200 stores worldwide over the course of the next two years. Even though it only makes up 9% of their worldwide footprint, the US and China will see the most closures. The company’s stock has dropped 52% in the past year as a result of closures brought on by the pandemic. Guess is closing its doors and hoping for better times, much like many other retailers who have run out of alternative options to make up for their losses.
13. Guess
