New York – Bed Bath & Beyond, a beleaguered home goods retail chain, has released a list of 87 stores that will close due to ongoing financial difficulties.
New Jersey and New York are losing the most stores. 36 stores in New Jersey and 26 stores in New York.
click here See the full list of store closures.
The company is closing an entire chain of Harmon drugstores and five Buybu Baby stores..
The company said it is working with advisers to “look at multiple avenues” to ensure it can operate as efficiently as possible.
The company announced in AugustBusinesses across the United States were underperforming as sales were declining and costs were cut.
GlobalData analyst Neil Saunders noted in a research report last year that the chain’s stores are “pretty cluttered and lack basic merchandising discipline.”
Bed Bath & Beyond is expected to file for bankruptcy soon as it struggles to finance its restructuring.
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https://www.cbsnews.com/newyork/news/bed-bath-beyond-releases-list-of-store-closings/ Bed Bath & Beyond announces closing list. NJ and NY lose the most