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Bed Bath and Beyond to close more than 200 stores after sales fell 50% during COVID-19

1 month ago   |   By Daily Mail

Bed Bath and Beyond is closing 200 of its stores after its first quarter sales plummeted 50 per cent at the same time online sales doubled during the coronavirus pandemic, the home retailer says.
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Bed Bath and Beyond is closing 200 stores as quarterly sales tumble nearly 50%

Bed Bath and Beyond is closing 200 stores as quarterly sales tumble nearly 50%

1 month ago   |   By Business Insider

Bed Bath & Beyond plans to shutter around 200 stores over the next two years.
On July 8, the company published an investor relations presentation that revealed Bed Bath & Beyond intends to "lean into store closures" and "leverage significant lease expirations coming due."
The Bed Bath & Beyond has floundered in recent years, thanks to the coronavirus pandemic and previous leadership spats and financial struggles .
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Bed Bath & Beyond is looking to shut down around 200 "redundant" stores over the next two years.
The company's first quarter...
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Bed Bath&Beyond to Close 200 Stores as Sales Plunge 49% in 1Q; Shares Slump

Bed Bath&Beyond to Close 200 Stores as Sales Plunge 49% in 1Q; Shares Slump

1 month ago   |   By FXCM

By Yasin Ebrahim
Investing.com - Bed Bath&Beyond said it would close about 200 stores over the next two years after reporting that sales plunged nearly 50% in the fiscal first quarter.
Shares fell about 8% in after-hours trading.
The retailer detailed plans to close roughly 200 of its stores over the next two years, beginning later in 2020, targeting annual cost savings of between $250 million and $350 million.
Bed Bath&Beyond reported a fiscal first-quarter loss of $1.96 a share on revenue of $1.31 billion, missing analysts estimates for a loss of $1.26 a share on revenue of $1.35...
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