Retail chain Bed Bath & Beyond announced Wednesday that it plans to close more than 100 stores and lay off staff.
, saying it has already identified and begun closing 150 “lower-producing” stores, and said that it “continues to evaluate its portfolio and leases, in addition to staffing.”
“We are embracing a straight-forward back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns,” Sue Grove, director and interim CEO said . “In a short period of time, we have made significant changes and instituted enablers across our entire enterprise to regain our dominance as a preferred shopping destination for our customers’ favorite brands and exciting products.”reported. A full list of the stores that would be closing was not made available.
The company’s announcement came days after one of its investors sold much of their stake in the company,
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bed Bath & Beyond to close 150 stores, lay off 20% of staffBed Bath & Beyond said it has already started liquidation sales at closing stores.
Lire la suite »
Bed Bath & Beyond to close stores, lay off workers in attempt to reverse lossesBed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.
Lire la suite »
Bed Bath & Beyond to cut jobs, close underperforming stores as part of turnaround planBed Bath & Beyond will cut about 20% of its workforce and close 150 underperforming stores. Shares fell more than 20% trading after the news was announced.
Lire la suite »
Bed Bath & Beyond to Close 150 Stores, Cut Staff, Sell Shares to Raise CashBed Bath & Beyond said it would close roughly 20% of its namesake stores, cut its workforce and bring in fresh cash to stabilize the business through the holiday season as the retailer confronts plunging sales
Lire la suite »
Bed Bath & Beyond closing about 150 stores, laying off 20% of employeesThe company said it was reducing 20% of its workforce and closing about 150 namesake stores, but it will keep its Buy Buy Baby chain.
Lire la suite »
Bed Bath & Beyond closing about 150 stores, laying off 20% of employeesThe company said it was reducing 20% of its workforce and closing about 150 namesake stores, but it will keep its Buy Buy Baby chain.
Lire la suite »