The company said it had obtained more than $500 million of new financing and was reducing 20% of its workforce.Īlthough it is closing 150 namesake stores, it will keep its Buy Buy Baby chain.īed Bath & Beyond also said that it would go back to its original strategy of focusing on national brands, instead of pushing its own store labels.ĭays after the company's announcement, Gustavo Arnal, the chief financial officer of Bed Bath & Beyond, was found dead after falling from a Manhattan high-rise apartment.Ī law enforcement source told CNN that he jumped to his death from the 57-story skyscraper. ![]() In August, the chain announced a restructuring that includes the closure of around 150 stores, layoffs and a possible stock offering. The four Southern California stores shutting down soon are the following locations: Phrase-based names can also lead to future brand extensions. The company is set to close 56 stores in the coming weeks, with the long-term plan of closing 150 stores. I Can't Believe It's Not Butter Bed Bath & Beyond Food Should Taste Good. The big-box home goods store has gone through several months of significant upheaval as the chain, once considered a category killer, begins closing stores, cutting jobs and. ![]() LOS ANGELES (KABC) - Bed Bath & Beyond has released a list of stores that will be closing and it includes several Southern California locations. Bed Bath & Beyond faces a critical holiday season where it must show its strategy to turn around its business is reversing sales losses and bringing customers back. The chain operates many stores in the United States, Canada, Mexico. Bed Bath & Beyond is closing 56 stores in the coming weeks, and the list includes several Southern California locations. is an American chain of domestic merchandise retail stores.
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