Business & Tech
Bed Bath & Beyond Closings: Will Calif. Locations Be Affected?
The home goods retailer announced this week it will close 40 stores nationwide. The company has 100 stores across California.
Struggling housewares retailer Bed Bath & Beyond will close about 40 stores this year while opening 15 "lab" stores offering more home decor and food products, the company announced this week. The number of stores to be shuttered could increase if more favorable lease agreements can't be reached with some of its landlords, company officials said in a conference call.
During the call, company reps disclosed disappointing first-quarter sales. Based in New Jersey, the company also operates Buy Buy Baby and World Market.
Bed Bath & Beyond has not revealed which locations will be shuttered. The company has more than a thousand stores in the United States, Puerto Rico, Canada and Mexico, including 100 locations in California.
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