We’ve been hearing rumblings about Bed Bath & Beyond closing its doors at 400 Marin Boulevard in Jersey City, and now it appears to be for sure. The location will close its doors this Sunday, November 14th, so it’s time to use those coupons, STAT. This decision comes after the national chain decided to shut down 200 stores last summer due to a decline in sales amid the pandemic. As a parting gift to customers, the store is currently offering a 40%-70% discount on all purchases during the final week of operation. Read on to learn more about the store closing and what could be next for the space.
(Photo credit: Google Maps)
About the Closing
This move will make the location the third New Jersey store that the company has shut down since last September, as stores in Howell and Rockaway ended their runs late last year.
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Bed Bath & Beyond recognized that its stores had become cluttered and that it had lost customers to Target, Amazon, Macy’s, and Walmart. The nationwide retailer decided to trim its real estate portfolio, focus on remodeling its more profitable shops, and invest in digital retailing.
This year, Bed Bath & Beyond has already launched a slew of new store brands like Nestwell, Haven, and Simply Essential to lure younger customers in a bid to energize sales of the home retail chain.
What’s Next for the Space
Metro Plaza, the retail area where the store is located, is set to be modernized as part of a project that started in 2015, as reported by Jersey Digs. The project, called Hudson Exchange West, contemplates a park surrounded by seven mixed-use buildings.
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The first wave of redevelopment on the site was completed with the opening of the VYV, two interconnected, mixed-use buildings. The site’s location off Washington Boulevard and proximity to the Harsimus Cove light rail station and the Newport PATH station make it appealing to residents and retailers alike.
The final store closing is scheduled for Sunday, November 14th. Patrons can continue to shop from the online store or visit its other outlets in North Jersey, including Totowa, Clifton, Paramus, Iselin, Springfield, and Elizabeth.
