Retailer sales declined in the most recent quarter; In 2020, it released a two-year plan for store closures
Seven places on the list are in New York, the most of any state.
According to a company spokesperson, most of the locations listed will be closed by the end of next month. He said they are part of a plan announced in 2020 to optimize the company’s store footprint. Subsequently, Bed Bath & Beyond said it would permanently close about 200 stores over the next two years.
Bed Bath & Beyond had about 1,000 stores—most of which were under the Bed Bath & Beyond name—at the end of its third quarter.
The New Jersey-based company on Thursday reported a major drop in sales for the quarter, including part of the holiday season.
“The customer experience was compromised because strong demand was not met with strong product availability,” Chief Executive Mark Tritton told analysts on Thursday. He said supply-chain issues affected the company’s sales.
Several specific locations were also outlined earlier this week, part of a larger plan to reduce the number of its stores.
Write to Alison Prang at [email protected]