Bed Bath & Beyond Inc. said it would permanently close roughly 200 stores, a bet that the home-goods chain can ride out the coronavirus pandemic by shrinking its bricks-and-mortar footprint.
Bed Bath & Beyond, which operates roughly 1,500 stores, had to shut many of its locations starting March 23 because of Covid-19 restrictions in the U.S. Despite a jump in online sales, the company’s overall revenue for the quarter ended May 30 plunged 49% to $1.31 billion.
Real Life. Real News. Real Voices
Help us tell more of the stories that matterBecome a founding member
Subscribe to the newsletter news
We hate SPAM and promise to keep your email address safe