In all, about 20 percent of Bed Bath & Beyond stores throughout the nation are closing. That is roughly 150 locations.
The company did not give a date for the closures.
The retailer’s goal is to turn around declining sales. CNBC reports Bed Bath & Beyond’s workforce will also get cut by 20 percent, and that includes people at the corporate level as well as supply chain staff.
In the past two years, Bed Bath & Beyond decreased its footprint by about 35 percent through other store closures, CNBC reported.
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