Bed Bath & Beyond To Close 200 Stores Over The Next Two Years

Flickr/Mike Mozart

It’s another bad day for retail. It’s just been revealed that Bed Bath & Beyond will be closing 200 stores over the next two years.

The retailer was forced to close temporarily due to the COVID-19 crisis and while sales are on the up, they just aren’t quite what they were pre-pandemic.

Once the non-essential business was allowed to resume operations, it launched in-store and curbside pickup but now that stores are fully reopened, foot traffic is down 22% from this time last year.

Retail Dive reports that the 200 stores that’ll close make up about 20% of all Bed Bath & Beyond’s locations.

It was also reported back in June that Bed Bath & Beyond laid off hundreds of employees in New Jersey and Florida and it also closed an operations centre in Florida.

Right now there are 955 Bed Bath & Beyond stores in the U.S and Canada and there’s no word yet on which locations will be shuttered.

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