Paducah's Bed Bath & Beyond store to close

Bed Bath & Beyond will close its Paducah store, along with 149 others announced this week.

The new list of closures comes just a week after it announced the company was shuttering 87 other stores. Over the past several months, it has closed or in the process of closing about 400 locations, 

Paducah joins Carbondale in losing their store. The Carbondale closure was announced last September, one of 18 Illinois store closings. The Fairview Heights store east of St. Louis will also shut down.

In Tennessee, the Clarksville store is also on the closing list.

In total, the company is reducing the number of Bed Bath & Beyond stores from 760 to about 360, with the company keeping only its most profitable stores open. At its peak in 2017, the storied brand had 1,552 stores open.

The planned closures, announced in a regulatory filing Monday, come as the company also said it had struck a deal to raise $1 billion in funding to stave off a bankruptcy filing for now. The fundraising deal was first reported by The Wall Street Journal.

Shares in Bed Bath & Beyond plunged more than 12% in Wednesday morning trading.