Following a decline in sales major retailer Bed Bath & Beyond announced Wednesday that it is laying off employees and closing some stores.
Bed Bath & Beyond announced Wednesday that it is laying off employees and closing some stores following a decline in sales.It has also identified approximately 150"lower-producing" that will be closed. The list of the stores due to close has not been revealed.
"We are embracing a straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth, and delivering business returns," said Sue Gove, interim CEO of Bed Bath & Beyond.In an effort to improve sales, Bed Bath & Beyond said it will change its merchandising and inventory strategy. That strategy, the retailer says, will be rooted in national brands.
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