Business & Tech

1 Bed Bath & Beyond Store Closing In Tampa Metro

A popular home decor retailer is closing a store in the Tampa metro in 2020.

Bed Bath & Beyond says it is refreshing 160 stores and will close one underperforming store in the Tampa metro in 2020.
Bed Bath & Beyond says it is refreshing 160 stores and will close one underperforming store in the Tampa metro in 2020. (Autumn Johnson/Patch)

TAMPA, FL — A popular retail home store with more than 900 locations in the United States and beyond is closing a store in the Tampa region. The closing will take place this year; company officials didn't release a specific date for the shutdown.

Jessica Joyce, a spokeswoman for the company, said the Tampa location will close as the chain is "continually evolving to serve our loyal Bed Bath & Beyond customers better."

"We are also closing a limited number of stores that no longer meet the standards our customers expect from us, including our Citrus Park location in Tampa," she said. The store is located at 12803 Citrus Plaza Drive.

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Joyce said the company is also giving its most popular stores a multi-million dollar facelift and continually investing in its digital platform "to give customers an even better shopping experience in store or at home," she said.

The company has 70 Florida stores, including:

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A September 2019 letter to shareholders from the interim CEO Mary A. Winston and the chairman of the board of directors, Patrick R. Gaston, said a rapid refresh of 160 Bed Bath & Beyond locations was underway.

"Our objectives are to accelerate improvement in our financial performance, enhance our competitive positioning and ensure we have a best-in-class governance structure," the letter said.

The company will also shed itself of up to $1 billion in inventory over the next year, the letter says.

"As we continue to work toward executing on our business transformation, we remain confident in the strength of our brand and the future of Bed Bath & Beyond," the executives said in the letter. "Our focus on putting the customer at the center of our transformation, supported by data and insights, is intended to restore Bed Bath & Beyond to its iconic status and improve the company's competitive position."

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