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Some 955 of those are Bed Bath & Beyond stores. The store chain, which also operates Buybuy Baby, Christmas Tree Shops and Harmon Face Values, had a total of 1,478 stores as of May 30. The store chain also said last month that it would eliminate 2,800 jobs as it tries to streamline its operations and shore up its finances. Home Collection Forget Me Not 3-Piece Reversible Full/Queen Comforter Set in Navy.
The news comes after the retailer announced in July that it would close roughly 200 stores, mainly Bed Bath & Beyond stores, over the next two years. The company said it had obtained more than $500 million of new financing and was reducing 20% of its workforce.Īlthough it is closing 150 namesake stores, it will keep its Buy Buy Baby chain.īed Bath & Beyond also said that it would go back to its original strategy of focusing on national brands, instead of pushing its own store labels.ĭays after the company's announcement, Gustavo Arnal, the chief financial officer of Bed Bath & Beyond, was found dead after falling from a Manhattan high-rise apartment.Ī law enforcement source told CNN that he jumped to his death from the 57-story skyscraper.Bed Bath & Beyond has announced the first 63 stores it will close by the end of the year as part of a restructuring plan brought on by Covid-19. In August, the chain announced a restructuring that includes the closure of around 150 stores, layoffs and a possible stock offering. The list includes three stores in northern New Jersey, as well. Wynnewood Road in Wynnewood, Montgomery County is set to close. WYNNEWOOD, Pennsylvania (WPVI) - Bed Bath & Beyond has released a list of stores that will be closing and it includes a Delaware Valley location. The company said it was reducing 20% of its workforce and closing about 150 namesake stores, but it will keep its Buy Buy Baby chain.
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