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Bed Bath & Beyond increases expected store closures




It will not be a good new year for Bed Bath & Beyond employees.

The home goods trade increases the number of stores it expects to close in the fiscal year.

The retailer that also buys Baby, Harmon Face Values ​​and World Market purchases says it will close 60 stores across the company, 20 more than originally estimated, according to USA Today.

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Most of the closures are expected after the holiday season in early 2020.

Forty of the stores that will close will be Bed Bath & Beyond stores and 20 will be stores in the company's other concepts, according to interim CEO Mary Winston.

As of the end of August, the company had 1[ads1],534 stores, including 993 Bed Bath & Beyond stores.

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According to global marketing research firm Coresight Research, almost 8,600 store closures have been announced so far this year, up from around 5,900 closures in 2018.



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