Bed Bath and Beyond To Close Around 200 Stores

Bed Bath & Beyond To Close Around 200 Stores

RTTNews Thursday, 9 July 2020 ()
Bed Bath & Beyond, Inc. is planning to close around 200 mostly Bed Bath & Beyond stores over the next two years amid continuing struggles with Covid-19. The home improvement retailer, which reported a wider-than-expected loss in its first quarter with sharply lower sales, said the move is part of its plans to right-size its real estate portfolio and to cut costs.
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News video: Is Your Bed Bath & Beyond Store Closing?

Is Your Bed Bath & Beyond Store Closing? 00:44

 Amid a dismal earnings report, Bed Bath & Beyond announced the closure of approximately 200 stores over the next two years.