Retail

Bed Bath & Beyond will delay 20 store closures

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Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016.

Patrick T. Fallon | Bloomberg | Getty Images

Bed Bath & Beyond said Wednesday that it would delay closing 20 of its namesake stores.

The company originally planned to close 60 locations, including 40 Bed Bath & Beyond stores, in fiscal 2019. Twenty of those Bed Bath & Beyond closures will be delayed until after the first half of fiscal 2020 in order to sell more of their merchandise. 

Bed Bath & Beyond, which also owns Buy Buy Baby and Christmas Tree Shops, has roughly 1,500 locations in total.

CFO Robyn D’Elia said that the company is on target to open about 10 stores…



Source cnbc.com

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