Bed Bath & Beyond to Close 6 Stores in Southern California
After Bed Bath & Beyond announced Jan. 10 it is closing six locations in Southern California, including in Valencia, Palmdale, Burbank, La Habra, Lakewood, and Buena Park.
The popular department store is planning on closing 150 out of 708 stores across the United States and has thus far announced 126 of the locations set to close. Officials did not specify when these locations would close.
These closures are due to “lower customer traffic and reduced levels of inventory availability,” according to the company.
The announcement of store closures came in August, when company executives said they would be cutting their workforce by 20 percent.
A follow-up news release on Tuesday confirmed the company was on track with this plan and hinted their future likely involved declaring bankruptcy….