NEW YORK (AP) — Bed Bath & Beyond said Wednesday that it will shutter stores and lay off workers in a bid to turn around its beleaguered business. The home goods retailer based in Union, New Jersey, said it will close about 150 of its namesakes stores and slash its workforce by 20%. It estimated those cuts would save $250 million in the.
After closing the previous trading session at $12.11, Bed, Bath & Beyond has moved 25.02% lower ahead of market open. The company is up 37.93% over the last 5 days.
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. The closure is part of a nationwide effort close 200 stores and pivot more to digital sales. CASA GRANDE — The latest area big box store closing has been announced; this time.
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Bed Bath & Beyond on Wednesday said it is cutting 20% of its corporate and supply-chain staff and closing 150 poor-performing stores as it seeks to cut costs amid a sales slump. Shares of the.
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