Harmon Face Values

Harmon Face Values (also known as Harmon Discount, Harmon Discount Health & Beauty, or simply Harmon) was an American chain of stores on the East Coast that mainly sold healthcare and beauty supplies at a discounted price. It was owned by Bed Bath & Beyond from March 2002 up until its liquidation in January 2023.

Harmon Face Values
TypeSubsidiary
IndustryRetail
Founded1971 (1971)
DefunctFebruary 26, 2023
FateLiquidation
HeadquartersUnion, New Jersey,
U.S.
Number of locations
52 (2023)
ProductsCosmetics, beauty supplies, skin care, hair care, oral care, personal care, health, travel products, baby products, clothing solutions, household products, food and drink products, cleaning supplies, gifts
OwnerBed Bath & Beyond
ParentBed Bath & Beyond (2002–2023)

History

On March 4, 2002, Bed Bath & Beyond acquired the Harmon brand, and became a full-on subsidiary of the chain.[1]

On April 16, 2007, Harmon Discount Health & Beauty was renamed to its current name, Harmon Face Values.[2]

On September 29, 2017, Bed Bath & Beyond experimented with a new store format called "Face Values & Beyond", a mix of a Bed Bath & Beyond store and a Harmon Face Values store.[3] However, it closed in 2022.[4]

On January 5, 2023, it was announced that Harmon's parent company, Bed Bath & Beyond, was in financial distress and considering the possibility of filing for bankruptcy within the coming months.[5]

On January 27, 2023, Bed Bath & Beyond announced that it would be closing all Harmon stores. All stores were closed by February 26, 2023.[6][7]

On April 23, 2023, after failing to pay off stock, declining sales, high debt, and years of struggling, Bed Bath & Beyond officially filed for Chapter 11 bankruptcy protection in the United States. Despite going out of business before the bankruptcy occurred, Harmon was still listed in the filing.[8][9]

References
  1. "Bed Bath & Beyond Buys Harmon Stores". March 4, 2002. Retrieved January 24, 2023.
  2. "Harmon Discount Health and Beauty to be renamed". April 16, 2007. Retrieved January 24, 2023.
  3. "Face Values & Beyond opens". October 2, 2017. Retrieved January 24, 2023.
  4. "Bed Bath & Beyond spinoff to close". January 13, 2022. Retrieved January 24, 2023.
  5. "Bed Bath & Beyond faces potential bankruptcy filing". January 5, 2023. Retrieved January 24, 2023.
  6. Sozzi, Brian (January 27, 2023). "Bed Bath & Beyond makes desperate move while teetering toward bankruptcy". Yahoo Finance. Retrieved January 27, 2023.
  7. https://www.nytimes.com/2023/03/20/business/harmon-bed-bath-and-beyond-liquidation.html
  8. Fonrouge, Gabrielle (April 23, 2023). "Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts". CNBC. Retrieved April 23, 2023.
  9. "Harmon bankruptcy". BKData. April 23, 2023. Retrieved April 27, 2023.
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