Bed Bath & Beyond to Close 150 Stores, Cut 20% of Workforce
Retail TouchPoints
AUGUST 31, 2022
Bed Bath & Beyond , facing a comp store sales decline of 26% for the quarter that ended Aug. 27, 2022, has announced a combination of store closures and layoffs designed to reduce its SG&A (selling, general and administrative) expenses by $250 million in fiscal 2022.
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