Bed Bath & Beyond to close at least 40 stores

National
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NEW YORK – JUNE 27: A home delivery sign is shown inside a Bed Bath & Beyond store is show June 27, 2003 in New York City. The home goods retailer announced June 26, 2003 that it sees as many as 950 stores opening in the future as 95 new stores opened last year and […]

SAN FRANCISCO (KRON) – Bad news? Bed Bath & Beyond will be closing stores nationwide.

Good news? The company will also be opening stores this year. 

The home goods retailer announced mix results during a call with financial analysts this week, according to USA TODAY.

Robyn D’Elia, CFO and treasurer of BB&B, said in the earnings call that around 40 stores will close but 15 new stores will open. 

“This number will grow unless we are able to negotiate more favorable lease terms with our landlords,” D’Elia said. 

Bed Bath & Beyond, which also operates Best Buy Baby, Harmon Face Values, and World Market, operates more than 1,500 stores nationwide across all of its brands.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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