Bed, Bath, & Beyond Is Closing 40 Stores In These States
Bed, Bath, & Beyond is the latest company to take a hit as a result of COVID-19. According to Good Housekeeping, 40 stores will close this year. Bed, Bath & Beyond also owns buybuy Baby, Harmon Face Values, and World Market, and has announced that throughout their brand, a total of 200 stores will close over the next two years.
In a statement, Bed Bath & Beyond President and CEO Mark Tritton, said, “The impact of the COVID-19 situation was felt across our business during our fiscal first quarter, including loss of sales due to temporary store closures and margin pressure from the substantial channel shift to digital.”
Bed Bath & Beyond will close stores in California, Connecticut, District of Columbia, Florida, Hawaii, Iowa, Illinois, Louisiana, Maryland, New Jersey, New Mexico, New York, North Dakota, Ohio, Pennsylvania, Rhode Island, Texas, Utah, and Virginia. For a list of specific store locations closing, click here.