Joining Macy’s in its announcement to shutter 45 stores, Bed Bath & Beyond has decided to liquidate 43 stores of its own by the end of February. The company had previously announced plans to close some 200 locations by 2022 reports Consumer Affairs.
This doesn’t come as a surprise given that several months ago the home goods retailer said it was developing plans to trim the fat on its real estate portfolio and put its money towards remodeling its more profitable shops.
It also said it would focus more on online shopping, an area in which it experienced an impressive +94 percent comparable sales growth in the third quarter of 2020.
It also said it would focus more on online shopping, an area in which it experienced an impressive +94 percent comparable sales growth in the third quarter of 2020.
“We are seeing a deepening level of recognition and engagement from our customers, including the more than 2 million new online customers in the third quarter,”
“We are seeing a deepening level of recognition and engagement from our customers, including the more than 2 million new online customers in the third quarter,” Mark Tritton, Bed Bath & Beyond’s President and CEO said in the company’s Q3 financial filing.
The list of Bed Bath & Beyond closures first reported by USA Today does not include the location on 125th Street in Harlem as of this writing.
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