Connect with us

The Online Technology

Bed Bath & Beyond to Close 200 Stores


News & Analysis

Bed Bath & Beyond to Close 200 Stores

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…

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 matter

Become a founding member

Subscribe to the newsletter news

We hate SPAM and promise to keep your email address safe

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

To Top