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BED Bath & Beyond's CEO has announced a "transformative" plan to keep its remaining stores open and avoid bankruptcy.

The retailer said it is considering a "turnaround plan" after raising $225 million in a securities sale, Axios reports.

The move takes bankruptcy off the table for now and the company says it is taking further steps to raise money and continue cutting costs.

CEO Sue Grove said in a statement: "This transformative transaction will provide a runway to execute our turnaround plan."

It comes after it announced plans to close 150 additional stores.

But Bed Bath & Beyond said in a statement that it is continuing to work towards its "turnaround plans" and to "optimize its store footprint."

SHUTTERED LOCATIONS

The retailer originally announced plans to close at least 120 stores.

The restructuring means low-producing locations are closing in an effort to save money.

Several of these stores closed in January, but others are slated to be shuttered by March.

Based on the list, California is losing eight locations,  Florida will lose six, and Michigan will drop five stores.

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While exact dates have not been revealed, the stores set to close are:

Arizona

• 2039 N. Power Road, Mesa, 85215
• 9590 East 22nd Street, Tucson, 85748
• 5225 South Calle Santa Cruz, Tucson, 85706
• 34750 North Valley Parkway, Phoenix, 85086
• 21258 South Ellsworth Loop Road, Queen Creek, 85142
• 7475 North La Cholla Blvd., Tucson, 85741

California

• Valencia Marketplace, 25540 The Old Road, Valencia, 91381
• 394 East H Street, Chula Vista, 91910
• 5353 Almaden Expressway, Suite A-200, San Jose, 95118
• 8390 On The Mall #237, Buena Park, 90620
• 9918 Mission Gorge Road, Santee, 92071
• 1140 Hilltop Drive, Redding, 96003
• 1320 South Beach Blvd., La Habra, 90631
• 75 Lakewood Center Mall, Lakewood, 90712
• 2601 Larkspur Landing Circle, Larkspur, 94939
• 39421 10th Street, West Palmdale, 93551
• 5719 Lone Tree Way, Antioch, 94531
• 3611 N. Freeway Blvd., Sacramento, 95834
• 15555 East 14th Street, Suite 240, San Leandro, 94578
• 201 East Magnolia Blvd., Burbank, 91501
• 117 General Stilwell Drive, Marina, 93933

Colorado

• 5737 N. Elizabeth Street, Pueblo, 81008

Connecticut

• Ridgeway Shopping Center, 2275 Summer Street, Stamford, 06905
• 2045 Dixwell Avenue, Hamden, 06514
• 850 Hartford Turnpike, Waterford, 06385

Delaware

• Brandywine Town Ctr, 1020 Brandywine Pkwy., Wilmington, 19803

Florida

• 12801 W. Sunrise Blvd., Anchor C, Sunrise, 33323
• 5295 International Drive, Suite 100, Orlando, 32819
• 1115 Vidina Place Suite 175, Oviedo, 32765
• 111 Towne Center Blvd., Sanford, 32771
• Shoppers Haven, 3459 N. Federal Highway Space 16, Pompano Beach, 33064
• 1748 US 27 N., Sebring, 33870
• 7187 Coastal Blvd., Brooksville, 34613
• 2595 NE 10th Court, Homestead, 33033
• 550 North State Road 7 Royal, Palm Beach, 33411

Georgia

• Presidential Market Center, 1905 Scenic Hwy Suite 5000, Snellville, 30078
• 2623 Peachtree Pkwy., Suwanee, 30024
• 1700 Norman Drive, Suite 400, Valdosta, 31601

Iowa

• 1522 Flammang Drive, Waterloo, 50702
• 2475 N.W. Arterial, Dubuque, 52002

Idaho

• 1933 Fillmore Street, Twin Falls, 83301

Illinois

• 6132 Grand Ave., Gurnee Mills Mall, Gurnee, 60031
• 915 East Golf Road, Schaumburg, 60173
• Fairview Center, 6611 N. Illinois, Fairview Heights, 62208
• Market View Shopping Center, 63 E. Marketview Dr., Champaign, 61820
• University Mall, 1265 E. Main Street, Carbondale, 62901
• 2850 Plainfield Road, Joliet, 60435
• 413 Milwaukee Ave Suite 300, Vernon Hills, 60061
• 2056 North State Route 50, Bourbonnais, 60914
• 5110 Broadway Street, Quincy, 62305
• 1419 N. Kingsbury Street, Chicago, 60642

Indiana

• 10350 East US Highway 36, Avon, 46123

Kansas

• 3106 S. Iowa Street, Suite 215, Lawrence, 66046
• 425 3rd Place, Manhattan, 66502

Kentucky

• 1998 N. Dixie Avenue, Elizabethtown, 42701
• 2300 Gary Farms Blvd. Suite 400, Bowling Green, 42104-4418

Louisiana

• 2900 Meadow Creek Drive, Bossier City, 71111
• 3437 Masonic Drive, Suite #1060, Alexandria, 71301

Massachusetts 

• 35 Highland Avenue, Seekonk, 02771
• 8B Allstate Road, Suite 1, Dorchester, 02125
• 230 Fortune Boulevard, Milford, 01757

Maryland 

• 559 Baltimore Pike, Bel Air, 21014

Michigan

• 31075 Orchard Lake Road, Farmington Hills, 48334
• Northville Retail Center, 17223 Haggerty Rd., Northville, 48167
• 4780 Baldwin Rd., Auburn Hills, 48326
• 3645 Washtenaw Avenue, Ann Arbor, 48104
• 5540 Harvey Street, Muskegon, 49444
• 8467 W. Grand River, Brighton, 48116-2324
• 5845 W. Saginaw Highway, Lansing, 48917
• Green Ridge Square, 3410 Alpine Avenue NW, Walker, 49544
• 50551 Waterside Drive, Chesterfield, 48051
• 9050 Highland Road, White Lake Twp.,48386

Minnesota 

• 3959 Second Street South, St. Cloud, 56301

Missouri 

• 4 Meadows Circle Drive, Lake St. Louis, 63367
• 4627 Osage Beach Parkway, Osage Beach, 65065

Mississippi 

• 6143 U.S. Hwy. 98, Hattiesburg, 39402

Montana

• 1200 10th Avenue South, Great Falls, 59405

North Carolina 

• The Arboretum, 3413 Pineville-Matthews Rd., Charlotte, 28226
• 3401 Raleigh Road Parkway W. Building 5A, Wilson, 27896

New Hampshire

• 32 Ash Brook Road, Keene, 03431

New Jersey

• 34 E Ridgewood Ave, Paramus, 07652
• 30 International Drive, Suite 1, Flanders, 07836
• 13 Route 9 South, Manalapan, 07726
• 601 Nassau Park Blvd., Princeton, 08540
• 327 Mount Hope Ave. Suite 1003, 07866
• 399 Route 46 West, Rockaway, 07866
• 3189 Route 46 Morris Hills S/C, 07054 Parsippany, 07054

Nevada

• 911 Topsy Lane, Suite 104, Carson City, 89705
• 195 Los Altos Pkwy., Sparks, 89436

New York

• 470 Route 211 East, Suite 3, Middletown, 10940
• 500 East Sandford Blvd., Mt. Vernon, 10550
• 4805 Commercial Drive, New Hartford, 13413
• 1187 Ulster Avenue, Kingston, 12401
• 73 Centre Drive, Suite 100, Plattsburgh, 12901
• 251 Airport Plaza Blvd., Farmingdale, 11735
• 131 Fairgrounds Memorial Parkway, Suite 100, Ithaca, 14850-5321
• 2795 Richmond Avenue, Staten Island, 10314-5857

Ohio 

• Bridgewater Falls, 3451 Princeton Road, Hamilton, 45011
• North Heights Plaza, 8284 Old Troy Pike, Road, Huber Heights, 45424
• 3681 Stone Creek Blvd., Cincinnati, 45251
• 10027 Fremont Pike, Perrysburg, 43551
• 16700 Royalton Road, Strongsville, 44136
• 4020 Milan Road, Unit# 910, Sandusky, 44870

Oklahoma 

• 421 NW 2nd Street, Lawton, 73507

Oregon 

• 2780 SW Cedar Hills Blvd., Beaverton, 97005

Pennsylvania 

• 70 E. Wynnewood Blvd., Wynnewood, 19096
• 6720 Peach Street, Suite A, Erie, 16509
• 197 Falon Lane, Altoona, 16602
• 170 Upland Square Drive, Stowe, 19464

Puerto Rico

• Plaza Del Sol, 725 West Main Avenue, Bayamon, 00961

South Carolina 

• 2853 David H McLeod Blvd, Suite C, Florence, 29501
• 10136 Two Notch Road, Suite 109, Columbia, 29229

Texas

• 3201 Lawrence Road Suite A, Wichita Falls, 76308
• 6038 Azle Avenue, Lake Worth, 76135
• Central Mall 3100 Highway 365 Suite 114, Port Arthur, 77642
• 201 East Central Texas Expressway Suite 250, Harker Heights, 76548

Virginia

• 4026-N Wards Road, Lynchburg, 24502
• 135 Shoppers Way NW, Christiansburg, 24073
• 8135 Stonewall Shops Square, Gainesville, 20155
• 532 Fort Evans Road, Leesburg, 20176
• 1320 Carl D Silver Parkway Suite 100, Fredericksburg, 22401

Washington 

• 1101 Outlet Collection STE 1260, Auburn, 98001
• 5830 Lakewood Towne Center Blvd., S.W., Lakewood, 98499

Wisconsin 

• 11110 N. Port Washington Road, Mequon, 53092

No word on the additional stores that will be closed.

Read More on The US Sun

See which book retailer with 600 locations is also closing multiple locations.

Plus, fans of this grocery store will have to find another option as several locations are closing.

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