Bed Bath & Beyond will close 40 stores

Bed Bath Beyond_1555329146782.jpg.jpg

Bed Bath & Beyond will likely close 40 stores this year.

According to CNN, the home goods retailer says declining sales are to blame. They hope to negotiate better lease terms with landlords at some of their locations, as well as launch 15 “next-generation stores.” They say these stores would feature more home decor and food products.

If that doesn’t work, they will be forced to shut down 40 locations. It is unclear at this time if any of  New Mexico’s five stores will be affected. 

The company currently has more than 1,000 stores in North America.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Now Trending on

Video Forecast

Grant's Friday Evening Forecast

More Weather Video Forecast
Albuquerque Hourly Forecast

Don't Miss

More Don't Miss

Photo Gallery