Bed Bath & Beyond will close 40 stores this year as the company struggles and implements a turnaround plan
New York Bed Bath & Beyond is struggling, and its turnaround plan includes shutting down about 40 locations this year and testing new ideas with"lab" stores that sell more home decor and food products.
Executives said this week that the company's sales are still declining and it lost money last quarter. It expects to shutter more than 40 stores if the company cannot negotiate better lease terms at some locations — but the company also has plans to open 15 new locations. The company has 1024 stores in the United States, Puerto Rico, Canada and Mexico.
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