Bed Bath & Beyond said it has already started liquidation sales at closing stores.
at the turnaround apple, lest it join onetime rival Linens 'n Things in the retail refuse bin, Axios’ Dan Primack reports.plummeted by 25% in its first quarter of 2022, the retailer said in late June, also announcing the replacement of CEO Mark Tritton.
In June, the company reported a net loss of $358 million in its latest quarter, more than 7 times worse than a year ago.
A list of the closing stores was not released and the company told Axios it would "share more information when available."Store closings aren’t new for Bed Bath & Beyond. In July 2020, company officials said 200 of its namesake stores were expected to close over the next two years, accounting for approximately 21% of its Bed Bath & Beyond stores.
The retailer also operates buybuy Baby stores and stores under the names Harmon, Harmon Face Values or Face Values.In past Bed Bath & Beyond liquidation events, all sales were final and coupons were not accepted. It was unknown Wednesday if members of the chain's new loyalty program, Welcome Rewards, would be able to earn points on purchases at liquidating stores.
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