Bed Bath Beyond To Close Stores Reduce Workforce Amid Struggling Business

Bed Bath Beyond To Close Stores Reduce Workforce Amid Struggling Business The company said it plans to close about 150 "lower producing" locations across the country and reduce its workforce by 20%. it also announced it received more than $500 million in new. Bed bath & beyond will cut about 20% of its workforce and close 150 underperforming stores. shares fell more than 20% trading after the news was announced.

Bed Bath Beyond To Close Stores And Reduce Workforce The latest store closures come as the chain has been reducing its footprint dramatically over the past year. according to a regulatory filing, it will have shuttered more than 400 stores, nearly half of its fleet. Bed bath & beyond announced wednesday that it is closing roughly 150 underperforming stores and reducing its workforce by about 20 percent as the home good retailer seeks to fix its struggling. Bed bath & beyond on wednesday said it is cutting 20% of its corporate and supply chain staff and closing 150 poor performing stores as it seeks to cut costs amid a sales slump. Struggling retailer bed bath & beyond plans to close approximately 150 “lower producing” stores and reduce its workforce by as part of ongoing efforts to turn things around.

Bed Bath Beyond To Reopen 600 Stores Bring Back 11 000 Employees Kutv Bed bath & beyond on wednesday said it is cutting 20% of its corporate and supply chain staff and closing 150 poor performing stores as it seeks to cut costs amid a sales slump. Struggling retailer bed bath & beyond plans to close approximately 150 “lower producing” stores and reduce its workforce by as part of ongoing efforts to turn things around. Bed bath & beyond is cleaning house. the retail giant, known for its ubiquitous coupons, announced job cuts and store closures in an effort to reduce costs as it continues to struggle. The company said it has obtained more than $500 million of new financing and was reducing 20% of its workforce. it plans to close about 150 namesake stores but will keep its buybuy baby. Bed bath & beyond plans to close about 150 of its stores and cut its corporate workforce by 20%. the announcement was made ahead of a financial update call on wednesday. The retailer has begun shuttering 150 lower producing bed bath & beyond stores and plans to cut its workforce by approximately 20% across the corporate and supply chain divisions.