Merchandising

Bed Bath & Beyond closing stores in restructuring strategy

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September 25, 2020

Bed Bath & Beyond will shutter 63 stores by the end of the year as part of a restructuring initiated by the ongoing COVID-19 pandemic.

The restructuring plan, which was announced in July, will include closing 200 stores between now and 2022 and the reduction of 3,000 jobs, according to an ABC7 report.

"This is an important step in our multi-year program to create a sustainable, durable business and invest where it matters most to our digital-first customers and our people. This includes the launch of an exciting array of customer-inspired owned brands in 2021, along with new omnichannel services that provide faster, more convenient shopping like Buy-Online-Pickup-In-Store, Curbside Pickup and same-day delivery," Bed Bath & Beyond spokesperson Dominic Pendry told the news outlet.