Bed Bath & Beyond is closing 41 stores – here’s the full list
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California. Customers carry bags from Bed Bath & Beyond store on April 10, 2013 in Los Angeles, California. Shoppers are seen outside a Bed Bath & Beyond store in Orlando, Florida on April 13, 2019., and hawaii
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New York (CNN Business) Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close by the end of this year.
Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close by the end of this year, including the ones in Campbell and Great Mall in Milpitas.
As of Aug. 29, Bed Bath had 1,476 stores, including Buybuy Baby. Bed Bath & Beyond shares are up a little more than 27% from a year ago. The retailer is set to report its fiscal third-quarter earnings before the market opens on Thursday.
Is Bed Bath & Beyond going out of Business 2020?
Last July, Bed Bath & Beyond Inc. officials said 200 of its namesake stores were expected to close over the next two years, accounting for approximately 21% of its Bed Bath & Beyond stores. In September, the company announced 63 of the 200 stores would close by the end of 2020.
Bed Bath & Beyond Inc. and Buy Buy Baby Inc. signage is displayed outside of a store in Los Angeles, California. Bed Bath & Beyond is in the process of liquidating dozens of stores, as part of its previously announced plans to close roughly 200 locations by 2022.
You might be asking “What’s going on with Bed Bath&Beyond?”
The plans, which were announced two years ago, are part of Bed Bath & Beyond’s multi-year transformation that includes creating new, private labels, remodeling stores and focusing on e-commerce under CEO Mark Tritton. Affected locations will be closed by the end of February and are currently having liquidation sales.