We’ve heard rumors that Bed Bath & Beyond is closing its doors on 400 Marin Boulevard in Jersey City and now it seems safe. The site will close its doors this Sunday, November 14th, so it’s time to start using those coupons, STAT. That decision comes after the national chain decided last summer to close 200 stores due to a drop in sales amid the pandemic. As a farewell gift to customers, the store is currently offering a discount of 40% to 70% on all purchases in the last week of operation. Read on to learn more about the store’s closure and what might be next for the room.
(Photo credit: Google Maps)
About the closure
This move will make the site the third New Jersey store the company has closed since last September, as the Howell and Rockaway stores ceased operations late last year.
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Bed Bath & Beyond realized that their stores were overcrowded and lost customers to Target, Amazon, Macy’s and Walmart. The nationwide retailer decided to downsize its real estate portfolio, concentrate on converting its more profitable shops and invest in digital retail.
This year, Bed Bath & Beyond has already launched a number of new private labels such as Nestwell, Haven and Simply Essential to attract younger customers to drive the retail chain’s sales.
What’s next for space
Metro Plaza, the retail area where the store is located, is slated to be modernized as part of a project that began in 2015, Jersey Digs reports. The project called Hudson Exchange West envisages a park surrounded by seven mixed-use buildings.
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With the opening of the VYV, two connected, mixed-use buildings, the first wave of renovations on the site was completed. The location of the location on Washington Boulevard and proximity to the Harsimus Cove Light Rail Station and the Newport PATH station make it attractive to local residents and retailers alike.
The final store closure is scheduled for Sunday November 14th. Customers can continue to shop from the online store or visit the other North Jersey stores including Totowa, Clifton, Paramus, Iselin, Springfield and Elizabeth.