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Bed Bath & Beyond To Close 40 Stores This Year

4 monthes ago   |   By CBS

Bed Bath & Beyond says it will be closing 40 stores this year, and that number could grow. At the same time, the retailer says it will be opening 15 new stores.
The New-Jersey based home goods retailer announced the news during its fourth-quarter earnings call Wednesday.
“We expect to open approximately 15 new stores in fiscal 2019. This will be offset by a minimum of approximately 40 stores we expect to close,” Bed Bath & Beyond's chief financial officer and treasurer, Robyn D'Elia, said during Wednesday's call.
The CFO also warned that even more stores could close, saying, “This number...
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