Posted BY: | NwoReport
Troubled home goods retailer Bed Bath & Beyond is shutting an additional 87 stores as its financial woes continue, a spokesperson has confirmed.
A company spokesperson told The Epoch Times in an emailed statement: “This store fleet reduction expands the Company’s ongoing closure program of approximately 150 lower-producing Bed Bath & Beyond banner stores. We will update all stakeholders on our plans as they develop and finalize.”
The company will also be shuttering five Buybuy Baby stores, as well as all of its Harmon beauty locations, the spokesperson confirmed.
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Bed Bath & Beyond President and CEO, Sue Gove, told investors earlier this month that store closures will allow the company to “allocate resources according to customer demand” and become more “streamlined” as it adopts a “more focused infrastructure that reflects our current business.”
The latest store closures—the locations of which were not disclosed—bring the total number of closures across the United States to over 200. In total, Bed Bath & Beyond has around 708 stores.