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Bed Bath and Beyond to close 200 locations nationwide

Bed Bath and Beyond to close 200 locations nationwide
Posted at 4:14 PM, Jul 08, 2020

Bed Bath and Beyond said on Wednesday it plans on closing approximately 200 locations nationwide over the next two years.

The news comes after the company temporarily closed 90% of its locations nationwide during the coronavirus pandemic, which resulted in a 77% drop of in-store sales in the spring quarter of 2020.

Bed Bath and Beyond said the move to close 200 locations will right-size its real estate portfolio. The loss of 200 stores will result in a 15% reduction in the company's footprint.