News > World

Bed Bath & Beyond To Close 40 Stores This Year

1 month 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...
Read more ...

 


Search by Tags

   World      Market      Offbeat      Local TV      Talkers  


Schiff cancels 'enforcement' meeting after Justice Dept., House panel strike...

Schiff cancels 'enforcement' meeting after Justice Dept., House panel strike deal for Mueller documents

Read more ...

VIDEO: Wild chase of stolen RV ends with injuries in Los Angeles

VIDEO: Wild chase of stolen RV ends with injuries in Los Angeles

The RV crashed into several cars and a palm tree. Read more ...

Eli Lilly's Half-Price Insulin Goes On Sale, But Critics Say It's Still Too...

Eli Lilly's Half-Price Insulin Goes On Sale, But Critics Say It's Still Too Costly

Eli Lilly's lower-cost version of its Humalog insulin still costs much more than insulin sold outside the U.S. Read more ...

Pennsylvania Primary 2019: Lawrence County election results

Pennsylvania Primary 2019: Lawrence County election results

Tuesday is Election Day in Lawrence County for the 2019 Pennsylvania primary. Read more ...

Qualcomm stock slips after judge rules it violated antitrust rules

Qualcomm stock slips after judge rules it violated antitrust rules

Qualcomm used unlawful, anticompetitive practices to license patents for modems used in mobile phones, a judge has ruled in a case brought by the US trade regulator, ordering... Read more ...

'Elated': Homeless valedictorian accepted into more than 40 colleges

'Elated': Homeless valedictorian accepted into more than 40 colleges

A homeless student went above and beyond his goal of getting $1 million in scholarships from colleges. Read more ...

Bring on the Blues! Bruins face rematch of epic Stanley Cup Final

Bring on the Blues! Bruins face rematch of epic Stanley Cup Final

The St. Louis Blues have waited 49 years to respond to Bobby Orr's famous goal, that helped the Boston Bruins win the Stanley Cup in 1970. Read more ...

Popular anti-groping app in Japan yells ‘Stop!' at harassers

Popular anti-groping app in Japan yells ‘Stop!' at harassers

TOKYO - A smartphone app developed by Japanese police is being widely downloaded by women trying to protect themselves from gropers on packed rush-hour trains. The “Digi... Read more ...

Once Upon a Time in Hollywood Is One of Quentin Tarantino's Most...

Once Upon a Time in Hollywood Is One of Quentin Tarantino's Most Affectionate Films. It's Also One of His Best

How you respond to Quentin Tarantino's dazzling elegiac fairytale Once Upon a Time in Hollywood -playing in competition here at the Cannes Film Festival -may depend on how much... Read more ...

Anita Hill On 2020 Election: We Don't Need 'To Take The Lesser Of Two Evils'

Anita Hill On 2020 Election: We Don't Need 'To Take The Lesser Of Two Evils'

Hill, who testified against Clarence Thomas during his 1991 Senate confirmation hearings, accepted a PEN America Courage Award on Tuesday. She spoke to NPR about Joe Biden and... Read more ...