Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.
FILE - A Bed Bath & Beyond sign hangs outside the store on June 29, 2022 in Miami, Fla.
"There’s still an incredible degree of love for Bed Bath & Beyond," Mara Sirhal, the newly named brand president of Bed Bath & Beyond, toldanalysts Wednesday. "We must get back to our rightful place as the home-category destination, and our goal is to achieve this by leading with the products and brands our customers want."
Sirhal said the retailer wants to get back to being a place where shoppers find innovative items. For example, Bed Bath & Beyond was the first to bring items like the air fryer and the single-serve coffee maker to its customers, she said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Leer más »
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.
Leer más »
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.
Leer más »
Bed Bath & Beyond Announces Store Closures, Layoffs and New Financing to Fix Struggling BusinessSTORES CLOSING: As part of its turnaround push, Bed Bath & Beyond said it will close about 150 of its 'lower producing' namesake stores and reduce about its workforce by about 20% across its corporate and supply chain staff.
Leer más »
Bed Bath & Beyond turnaround includes closings and a hit to meme fansBed Bath & Beyond unveiled a turnaround plan that envisions new financing, sweeping store closings and the sale of as many as 12 million shares of stock,...
Leer más »
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.
Leer más »