Bed, Bath & Beyond To Close 40 Stores
Brick and mortar stores continue to take a hit in the United States; now Bed Bath & Beyond has announced that it will close 40 stores after losing $137 million…
HOBART, IN – NOVEMBER 22: People wait to enter a ‘Bed Bath & Beyond’ store on Thanksgiving night November 22, 2012 in Highland, Indiana. Many stores got a head start on the traditional Black Friday sales by opening on Thanksgiving. (Photo by Tasos Katopodis/Getty Images)
Tasos Katopodis/Getty ImagesBrick and mortar stores continue to take a hit in the United States; now Bed Bath & Beyond has announced that it will close 40 stores after losing $137 million last year.
BB&B's CEO has also warned that more stores could get shuttered, too.
BB&B bosses say they plan to try experimental store formats, invest more into the retailer's furniture business and shift some focus more into online sales.
No locations or closing dates have been announced.
Andrew MarenusEditor
