11 more Bed Bath & Beyond stores in California slated for closure [Los Angeles Times (CA)]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: Los Angeles Times
Bed Bath & Beyond, the struggling home-goods retailer on the brink of bankruptcy, identified 11 stores set to close in California this year. Several Southern California stores are affected, including locations in Culver City, Glendora, Hawthorne and Pasadena. They are part of the latest round of 87 store closures across the U.S. confirmed by the Union, N.J.-based company Monday . Amid steep losses, Bed Beth & Beyond said last summer that it planned to close roughly 150 of its namesake stores and slash its workforce by 20%, laying off thousands, as part of a plan to turn its declining sales around. Bed Bath & Beyond stores in Valencia, Palmdale, Burbank, La Habra, Lakewood and Buena Park had already been marked for closure. The chain closed 118 locations in 2022, including 16 stores in California, according to a list updated by Bed Bath & Beyond last month . “As we work with our advisors to consider multiple paths, we are implementing actions to manage our business as efficiently as
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