Bed Bath and Beyond Plans to Shut Down 40 Stores Across the U.S.

Bed Bath and Beyond Plans to Shut Down 40 Stores Across the U.S. This Year

Source: SOPA Images / Getty

The chief financial officer for Bed Bath & Beyond says 40 of the business’ stores will close this year, but 15 new ones will open.

On the company’s earnings call, CFO Robyn D’Elia said they are in need of more favorable lease terms with landlords.

The goods retailer is based in New Jersey. In the last quarter of 2018, the company closed 21 stores and opened three, USA Today reports.

Article Courtesy of WEWS News 5 Cleveland

First and Second Picture Courtesy of SOPA Images and Getty Images

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Bed Bath and Beyond business closing retail stores

Bed Bath and Beyond Plans to Shut Down 40 Stores Across the U.S. This Year