Business & Tech
Bed Bath & Beyond To Close At Least 40 Stores This Year
The home goods retailer announced this week it will close 40 stores.
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NEW YORK – Struggling housewares retailer Bed Bath & Beyond will close at least 40 stores this year while opening 15 "lab" stores offering more home decor and food products, the company announced this week.
The number of stores to be shuttered could increase if more favorable lease agreements can't be reached with some of its landlords, company officials said in a conference call.
During the call, company reps disclosed disappointing first-quarter sales. Based in New Jersey, the company also operates Buy Buy Baby and World Market.
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Bed Bath & Beyond has not revealed which locations will be shuttered. The company has more than a thousand stores in the United States, Puerto Rico, Canada and Mexico, including NYC locations in:
- Chelsea
- Upper East Side
- Upper West Side
- Tribeca
- Harlem
- East Elmhurst
- The Bronx
- Rego Park
- Flushing
- Sunset Park
- East New York
- Staten Island
Find out what's happening in New York Cityfor free with the latest updates from Patch.
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