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Bed Bath & Beyond reveals the first group of stores getting the ax as it sheds 150 units | Home Accents Today

Union, N.J. – The checklist of Bed Bath & Beyond stores which have begun closing crosses almost 2 dozen states and features a one-time must-see location close to its headquarters.

As a part of its monetary proscribing, the corporate has begun the method of shuttering 150 retailer places, reducing 20% of employees throughout company and provide chain places of work and slashing this yr’s capital expenditures, largely by hitting the pause button on new retailer openings and remodels.

Areas on the newly revealed list of Bed Bath & Beyond stores slated to close first embody its retailer on E. Ridgewood Avenue in Paramus, N.J. – as soon as the incubator for the corporate’s newest concepts. For a few years, no journey to firm headquarters in Union could be full with making the 30-minute drive to the shop, which was located alongside a retail-saturated hall close to the Paramus Mall.

In all, the primary spherical of closings contains 56 shops throughout 21 state and Puerto Rico. States shedding the biggest variety of shops embody California (8), Illinois (6) and New York (5).

Mattress Bathtub & Past will present its subsequent replace on its transformation progress when it studies Q2 outcomes on Sept. 29.

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