Bed Bath & Beyond to Permanently Close 200 Stores | 60+ Stores Closing This Year
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More retail stores are closing… 🙁
UPDATE: The first 63 stores that will close by the end of this year have been announced. Head here to find out if your store is on the list.
Bed Bath & Beyond has announced that they plan to close approximately 200 stores over the next two years. This decision has been based upon declining sales during the COVID-19 pandemic.
According to USA TODAY, the company said that most of the store closings are expected to begin after the 2020 holiday shopping season.
“We believe Bed Bath & Beyond will emerge from this crisis even stronger, given the strength of our brand, our people and our balance sheet,” CEO Mark Tritton said in a release.
The company will still continue to operate remaining Bed Bath & Beyond retail locations nationwide, plus their other stores including Cost Plus World Market, buybuy Baby, Christmas Tree Shops andThat!, and Harmon Face Values.