Bed Bath & Beyond to Close More Stores
Bed Bath & Beyond said in a filing on Monday it will be closing 150 more stores as the struggling retailer cuts costs and works to turn around its beleaguered business.
The retail chain has been reducing its brick-and-mortar footprint significantly over the past year.
The latest round of closures builds on the previous shutdowns of approximately 200 Bed Bath & Beyond stores and approximately 50 standalone Harmon stores in the United States, according to a regulatory filing.
In total, it will have shut down 400 stores in the past year, almost half of the 955 stores it had open in May 2022.
In a Tuesday press release, Bed Bath & Beyond says it anticipates to maintain 360 namesake stores in addition to 120 BuyBuy Baby stores….