Bed Bath & Beyond has plans to close 200 of them over the next two years. The company will strategically close stores they feel are ‘redundant’.
During the first two quarters of 2020, the company saw its sales drop by about 50%. The coronavirus pandemic played a major role in the decline of sales.
Bed Bath & Beyond also plans to cut down on some of their expenses. One of the expenses that will spend less on is the maintenance of stores.
