TV News LIES

Friday, Nov 15th

Last update05:20:13 AM GMT

You are here News Economy Bed Bath & Beyond plans to close at least 40 stores this year but open 15 new locations

Bed Bath & Beyond plans to close at least 40 stores this year but open 15 new locations

E-mail Print PDF

bed Bath & Beyond to close 40 storesBed Bath & Beyond will be closing and opening stores this year.

The New Jersey-based home goods retailer, which also operates Buy Buy Baby, Harmon Face Values and World Market, announced mixed results during its fourth-quarter call with financial analysts this week.

"We expect to open approximately 15 new stores in fiscal 2019. This will be offset by a minimum of approximately 40 stores we expect to close," Robyn D'Elia, chief financial officer and treasurer, said during Wednesday's earnings call. "This number will grow unless we are able to negotiate more favorable lease terms with our landlords."

D'Elia said most of the "planned closures are for Bed Bath & Beyond stores."

More...


Most Recent Related Stories...


2019 deficit nears $1 trillion, highest since 2012: Treasury

Deficit nears $1 trillion The federal deficit for fiscal 2019 reached close to $1 trillion for the first time since 2012,...

Most Americans are living paycheck to paycheck, survey shows

Living paycheck to paycheck When you have a seemingly endless list of bills to pay and financial responsibilities to take...

Wall Street tumbles as trade war threatens U.S. economy

Wall Street tumbles amid trade warWall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after...

Federal deficit soars 32 percent to $895B

ocbThe federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!